Paragraph Styles During July, Bob Lutz completed these transactions for Lutz Repair Service: July 1 Paid the monthly rent, $1,700 1. Made the monthly payment to Bilbao Company, $1,200. 2. Purchased additional repair supplies on credit from Rusin Company, $3,452. 15. Received cash repair revenue for the first half of the month, S3,656. 20. Paid cash for an advertisement in the local newspaper, S240. 21. Paid Rusin Company on account, $2,400. 22. Received cash repair revenue for the last half of the month, S3,268. 23. Recorded a withdrawal by owner, S1,200. Prepare and post journal entries to record the July transactions. Using the following information, record adjusting entries in the general journal and post to the ledger accounts. d. One month's insurance has expired. e. The inventory of unused repair supplies is $1,652. f. The estimated depreciation on repair equipment is $280. 10. From the accounts in the ledger. prepare an adjusted trial balance. 11. From the adjusted trial balance. prepare the July income statement, statement of [B], Focus