Paula Pulitzer and several associates formed Pull It Together Massage Therapy. Inc. on July $1,2024,$ as a corporation. During the first month of operations, the business completed the following transactions:

Jul $1$ Received $$500,00$ cash and issued $1,000$ shares of no$-$par common stock.

Jul $1$ Purchased a building, recently renovated to suit a massage therapy business, for $$300,000$ cash.

$2$ Purchased supplies, $$25,000,$ on account.

$3$ Hired ten Massage Therapists and two Receptionists.

$4$ Made a prepayment for $12$ months of insurance coverage, $$12,000.$

$5$ Received advance payment of $$5,000$ from customer who purchased $$100$ massages in advance.

$6$ Paid cash to purchase $$25,000$ of office furniture, and $$50,000$ of equipment.

$7$ Paid $$5,000$ cash for a computer consultant to build the business website. $($Record as an expense.$)$

$8$ Paid $$100$ monthly licensing fee for online client appointment booking app.

$14$ Family and Friends of Pulitzer hosted a Grand Opening Party at the new business location.

$31$ From $1/15-1/31$ the business serviced customers who paid cash, $$40,000.$

$31$ Paid employees $20,000$ for wages earned for the first two weeks of business.

$31$ Received $$3,000$ advertising bill related to tv$,$ radio, and social media ads running in July.

Required:

Journalize the transactions noted above.

Open T$-$accounts for the accounts affected by the transactions noted above.

Post the transactions to the T$-$accounts.

Calculate the balance of each account and label it "Bal."

Prepared the Trial Balance as of January $31,2024.$

Hint: Total Debits $=$$$573,000,$ Total Credits $=$$$573,000$