Prepare the financial statements for True Consulting Corporation as of July 31 in the space below. You will only be preparing the income statement, statement of retained earnings, and the balance sheet. The statement of cash flows is a required financial statement, but is not required for this case study. Requirement 87 Prepare the financial statements for True Consulting Corporation as of July 31 in the space below. You will only be preparing the income statement, statement of retained earnings, and the balance sheet. The statement of cash flows is a required financial statement, but is not required for this case study. True Consulting Corporation Income Statement For the Month Ending July 21 Service Revenue Expenses Rent Exper Wages Expense Repairs & Maintenance Expense Depreciation Expense Income Tax Expense Total Expenses Net Income True Consulting Corporation State of Retained Eng For the Month Ending July 31 Retained Earings, July 1 Add Net Income Less Deadends Retained Earrings, Jay 31 True Consulting Corporation Adjusted Trial Balance July 31 Cash Supplies Prepaid Rent Equipment True Cong Corporation Balance Shee Accumulated Depreciation-Equipment July 31 Accounts Payable Income Tax Payable Common Stock 13.300 600 800 8,000 100 6,500 1,200 15,000 Cash Accounts Receivable Supplies Prepaid Rent Equipment Retained Earnings Dividends 2,100 700 Service Revenue 7,900 Less Accum Depr Wages Expense 1750 T Rent Expense 400 Repairs & Maintenance Expense 350 Labates Accounts Payable Income Tax Payable Total L Stockholders' EquRY Common Stock Total Sockholders Equity To Land Stockholders' Equity Supplies Expense 1400 Depreciation Expense 100 Insurance Tax Expense 1200 30700 30700 Requirement #: Prepare the closing entries at July 31 in the General Journal below. Requirement #10: Prepare a post-closing trial balance as of July 31 in the space below. General Journal Date Description (Account Namel Debit Credit Requirement Post the closing entries to the General Ledger T-accounts and compute ending balances. Just add to the adjusted balances already listed. True Consulting Corporation Post-Closing Trial Balance July 31 D C