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, $22600. July 10: Purchased a truck for $14700, paying $7200 cash and the remainder will be paid in the future. July 12: Paid annual premiums on property and casualty insurance (advance), $2700. July 17: Paid creditor a portion of the amount owed for truck purchased on July 10, $4710. July 20: Completed services on account and billed the customer, $8000 July 25: Received cash from customers on account, $2970. July 31: Paid salaries expense of $450 and utilities expense of $320.

(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