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On July 1, 2020, Arabi Sheikh established an interior decorating business. During the month, Arabi Sheikh completed the following transactions related to the business: July

On July 1, 2020, Arabi Sheikh established an interior decorating business. During the month, Arabi Sheikh completed the following transactions related to the business:
July 1: Arabi transferred cash from his personal account and invested it for business use, $22000.
July 10: Purchased a truck for $15000, paying $7500 cash and the remainder will be paid in the future.
July 12: Paid annual premiums on property and casualty insurance (advance), $2510.
July 17: Paid creditor a portion of the amount owed for truck purchased on July 10, $4960.
July 20: Completed services on account and billed the customer, $8940
July 25: Received cash from customers on account, $3160.
July 31: Paid salaries expense of $480 and utilities expense of $330.
(a) Journalize the above transactions for the month of July
(b) Prepare ledger accounts in running balance format
(c) Prepare trial balance at 31 July 2020

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