Problem 2-10B Journalizing, posting, preparing a trial balance LO3, 4, 5, 6 CHECK FIGURE: 4. Total Dr. = $271,500 CHAPTER 2 Araling and Recording Transaction At the beginning of June 2020, Brett Wilson created a moving company called Frog Box Company. The com pany had the following transactions during July, its second month of operations. July 1 3 5 9 12 15 20 21 Purchased orce equiment for 50.000 and structor 5560 bygger purchased and for an once the land was om 124.000.which w pod w $40300 cando note payable for the balance Purchased a used porta bulsing with $21.000 cash and moved to the Palu 59.000 cash for the premiums on two one year ance policies Provided services to act and collected $3.200 cm Purchased adesional office equipment for $6.500 Paid 3700ch a signed along term che pensato the balance Completed $3.750 of services for a client. This amount is due within 30 days Completed another hauling job for $9.200 on credit Received a bol for rent on a specialized buting truck that was used to complete the job done on July 20. The $1,300 rent must be paid within 30 days Collected $5,000 from the client described in the transaction on July 20 Paid $1.600 wages to an assistant Pald the account payable created in the transaction of July 21 Paid $1.425 cash for some repairs to the true Wilson withdrew $3,875 in cash from the business for personal use. Pald $1,600 wages to an assistant Paid $800 cash for advertising in the local newspaper during July Received $1.400 from a client for services to be performed in August 22 23 24 25 26 27 28 29 Required 1. Prepare journal entries to record the transactions. Use page 1 for the journal. 2. Set up the following general ledger accounts (use the balance column format or T-accounts), entering th balances brought forward from June 30, 2020: Cash (101) $75,000; Accounts Receivable (106) $950; Pre paid Insurance (128) $275: Trucks (153) $20,800; Office Equipment (163) $1.200; Building (173) S- Olar (183) S-O-: Accounts Payable (201) $725; Unearned Revenue (233) S-0-: Long-Term Notes Payable (25 $7,000: Brett Wilson, Capital (301) $83.825, Brett Wilson, Withdrawals (302) $600; Revenue (401) $8,40 Wages Expense (623) S780; Truck Rental Expense (645) S230: Advertising Expense (655)575; and Repe Expense (684) $40. 3. Post the entries to the general ledger accounts and enter the balance after each posting. 4. Prepare a trial balance as of the end of the month. Problem 2-10B Journalizing, posting, preparing a trial balance LO3, 4, 5, 6 CHECK FIGURE: 4. Total Dr. = $271,500 CHAPTER 2 Araling and Recording Transaction At the beginning of June 2020, Brett Wilson created a moving company called Frog Box Company. The com pany had the following transactions during July, its second month of operations. July 1 3 5 9 12 15 20 21 Purchased orce equiment for 50.000 and structor 5560 bygger purchased and for an once the land was om 124.000.which w pod w $40300 cando note payable for the balance Purchased a used porta bulsing with $21.000 cash and moved to the Palu 59.000 cash for the premiums on two one year ance policies Provided services to act and collected $3.200 cm Purchased adesional office equipment for $6.500 Paid 3700ch a signed along term che pensato the balance Completed $3.750 of services for a client. This amount is due within 30 days Completed another hauling job for $9.200 on credit Received a bol for rent on a specialized buting truck that was used to complete the job done on July 20. The $1,300 rent must be paid within 30 days Collected $5,000 from the client described in the transaction on July 20 Paid $1.600 wages to an assistant Pald the account payable created in the transaction of July 21 Paid $1.425 cash for some repairs to the true Wilson withdrew $3,875 in cash from the business for personal use. Pald $1,600 wages to an assistant Paid $800 cash for advertising in the local newspaper during July Received $1.400 from a client for services to be performed in August 22 23 24 25 26 27 28 29 Required 1. Prepare journal entries to record the transactions. Use page 1 for the journal. 2. Set up the following general ledger accounts (use the balance column format or T-accounts), entering th balances brought forward from June 30, 2020: Cash (101) $75,000; Accounts Receivable (106) $950; Pre paid Insurance (128) $275: Trucks (153) $20,800; Office Equipment (163) $1.200; Building (173) S- Olar (183) S-O-: Accounts Payable (201) $725; Unearned Revenue (233) S-0-: Long-Term Notes Payable (25 $7,000: Brett Wilson, Capital (301) $83.825, Brett Wilson, Withdrawals (302) $600; Revenue (401) $8,40 Wages Expense (623) S780; Truck Rental Expense (645) S230: Advertising Expense (655)575; and Repe Expense (684) $40. 3. Post the entries to the general ledger accounts and enter the balance after each posting. 4. Prepare a trial balance as of the end of the month