Pam Black owns Artsy Graphics, a firm providing designs for advertisers Cash $6,800 Accounts Payable $2,100 Accounts Receivable 10,700 Notes Payable 4,200 Common Stock 2,000 Retained Earnings 9,200 Total Assets $17.500 Total Liabilities and Stockholders' Equity $17,500 The following transactions occurred during the month of July: 1 Paid July rent, $510. 2 Collected $7,100 on account from customers. 3 Paid $1,800 installment due on the $3,300 noninterest-bearing note payable. 4 Billed customers for design services rendered on account. $18.100. 5 Rendered design services and collected from cash customers, $1,200. 6 Paid $1,400 to creditors on account. 7 Collected $12,750 on account from customers. 8 Paid a delivery service for delivery of graphics to commercial firms, $650. 9 Paid July salaries, 55,300. 10 Received invoice for July advertising expense, to be paid in August, $600. 11 Paid utilities for July, $250. 12 Paid stockholders a dividend of $2,000 cash. 13 Received invoice for supplies used in July, to be paid in August, $2,260. 14 Purchased computer for $7,000 cash to be used in business starting next month. Required: General Journal Description Debit Credit To record payment of rent expense. To record collections from customers o oo oo oo To record payment of notes payable To record customer billings To record service fees rendered and collected To record payments to creditors OOOOOOOOOOOOOOOOOOOOOOOO To record collections from customers To record payment of delivery expense oO OO OOO 19) To record salaries expense. 110) To record advertising expense to be paid following month To record payment of utilities expense. (12) To record payment of dividends To record supplies expense for the month To record purchase of computer Please answer all parts of the question - - - _ _ _ Journal Entries RT-ACCOUNS T Dola! ARTSY GRAPHICS Trial Balance July 31 Debit Credit Cash O O O o O o O o o Accounts Receivable Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Fees Earned Rent Expense Salaries Expense Delivery Expense Advertising Expense Utilities Expense Supplies Expense Totals o o o o o o o o Please answer all parts of the question. Transaction Analysis and Trial Balance Pam Black owns Artsy Graphis, a firm providing designs for advertisers and market analysts. On July 1, the business's general ledger showed the following normal account balances 36800 Mounts Paya $2,100 Routewable 10.700 N Payable Common Stock Retained Farnings Total Assets $120 b and Stockh out $17.500 The following transactions occurred during the month of July 1 Paidret 510 Colletted ,10 on account om customers Paid installant due t o noninterest bearing not payable 4tiledomers for de r es rendered on account 1.100 5 Rendered design services and colected from canh customers $1.200. 6 Paid 5400 ta creditorscount 1 panda solivery service for deliveryographics to commercial firma sesa 110 Received invoice for juty advertising expense to be paid in AuguuL 1600 (12 maid stadhalsars dividonda $2,000 cash, is norvedrvoice for supplies used insly to be paid in august $2.260 14 Purchased componer for $7.000 cast to be used in business starting next month Journal Entries Accounts Trial Balance General Journal Description Debit To record payment of rent expense de Castro comer To recordament of notes payable o record customer bile record service fees rendered and collected To record payments to creditors OOGLE To record payment of delivery expense to record advertising expense to be paid follow me record set ofte To record supplies erpe To record purchase of compuse Type here to search The following transactions occurred during the month of July 1 Paid July rent, 5510 2 Collected $7.100 on account from customers 3 Paid 51 300 installment due on the 53.300 noninterest-bearing note payable 4 Billed customers for design services rendered on account $18.100 5 Rendered design services and collected from cash customers. 51.200 6 Paid $1.400 to creditors on account. 7 Collected $12.750 on account from customers 8 Paid a delivery service for delivery of graphics to commercial Sms 5650 9 Paid july salaries 55.300 10 Received invoice for july advertising expense to be paid in August, 5600 11 Paid utilities for July 5250. 12 Paid stockholders a dividend of $2.000.cash. 13 Received invoice for supplies used in July, to be paid in August 52.260 14 Purchased computer for $7.000 cash to be used in business starting next month Required: a. Set up accounts for the general ledger with July 1 balances and enter the beg the appropriate T-accounts b. Prepare a trial balance as of July 31 Journal Entries Accounts Trial Balance ARTSY GRAPHICS Trial Balance July 31 Debit Credit Accounts Receivable Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dends oooooooooo Service Fees Earned Rent Expense Salaries Expense Delivery Expense Advertising Expense Utilities Expense Supplies Expense Totals Please answer all parts of the