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, $24500. July 10: Purchased a truck for $14100, paying $7700 cash and the remainder will be paid in the future. July 12: Paid annual premiums on property and casualty insurance (advance), $2580. July 17: Paid creditor a portion of the amount owed for truck purchased on July 10, $4550. July 20: Completed services on account and billed the customer, $7820 July 25: Received cash from customers on account, $3000. July 31: Paid salaries expense of $490 and utilities expense of $340. (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 [NOTE: Once released, the correct answers will appear on the free spaces below. Please scroll down and use the respective tables to answer the above mentioned questions. Please note that the CHECK button acts as the SUBMIT buttons for tabular problems]