Prepare the ledger accounts for the following transactions for July 2024 for IBM Corporation:

• July 1: Received $150,000 in cash from the sale of equipment.
• July 5: Purchased office supplies worth $15,000 on credit.
• July 10: Paid $50,000 in cash for salaries.
• July 15: Sold software for $80,000 in cash.
• July 20: Paid $20,000 in cash for utilities.
• July 25: Received a bill for rent, $10,000, to be paid next month.
• July 31: Collected $120,000 in cash from customers for services provided.