On July 1, Lula Plume created a new self-storage business, Safe Storage Co. The following transactions oceurred during the company's first month. July 2 Plume invested $30,000 cash and buildings worth $150,000 in the company in exchange for its common stock. 3 The company rented equipment by paying $2,000 cash for the first month's (July) rent. 5 The company purchased $2,400 of office supplies for cash. 10 The company paid $7,200 cash for a 12 -month insurance policy. Coverage begins on July II. 14 The company paid an employee $1,000 cash for two weeks' salary earned. 24 The company collected $9,800 cash for storage revenue from customers. 28 The company paid $1,000 cash for two weeks' salary earned by an employee. 29 The company paid $950 cash for minor repairs to buildings. 30- The company paid $400 cash for this month's telephone bill. 31 The company paid $2,000 cash in dividends. company's chart of accounts follows: 6. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 7. Prepare a post-closing trial balance