Post the results in the respective ledgers.

Prepare a trial balance

Please carefully read the following transactions and answer the questions given at the end of the questions.
ANSWER ALL THE QUESTIONS BELOW. THEY ALL ARE ONE SINGLE PART OF ONE QUESTION.

1. July 1. Investment of $15,000 cash in the business by the owner in company called ActIsFun and purchased computer equipment for $7,000 cash.

2. On July 1, the company purchases a delivery truck costing $14,000. It pays $8,000 cash now and agrees to pay the remaining $6,000 on account (to be paid later).

3. July 2. Opened a bank account in the name of ActIsFun and deposited $20,000 of her own money.

4. July 3. Purchased equipment on account (to be paid in 30 days) for a total cost of 4,800.

5. July 4. Interviewed three people for the position of hair stylist.

6. On July 1, the company purchases an office equipment costing $5,000 by signing a 3-month, 12%, $5,000 notes payable.

7. On July 2, ActIsFun received $1,200 in advance from a client to perform a concert in December 31.

8. July 31. ActIsFun paid its rent for the month of July in cash $900.

9. July 2. ActIsFun paid $600 for a one-year insurance policy that will expire next year on June 30 (Premium is payable on a monthly basis).

10. On July 5, ActIsFun purchases an estimated 3-month worth of supply of materials on account from BC supplies & Co worth $2,500.

11. July 20, Owner draws $500 in cash for personal use.

12. july 26, ActIsFun pays the salaries of employees for the month worth $4,000.

13. July 31, ActIsFun received $10,000 for a training course was provided at the beginning of the month.

14. July 31. Depreciation expense $600 annually. For the current month, depreciation expense is $50.

15. July 31. The inventory count of supplies shows that there is $1,000 worth of supplies on hand.

16. July 31. Insurance expense for the month was $50

17. July 31. The water bill was sent by the WASA for the month of July, the total amount shown on the bill was $3,700.

18. July 31. A review by the HR shows that, employees performed 5 days’ of work during July, though the pay cycle does not end until 5^th of the next month. Total value of these 5 days work was $2,500.