Purchased repair equipment from Paul's Pool Equipment Company, 57,00. PIUS During its first month of operation, Peter's Pool Corporation, which specializes in pool repairs, completed the following transactions. Date July 1 July 1 July 1 July 6 July Transactions Transaction Description Began business by making a deposit in a company bank account of $40.000. In exchange for 4.000 shares of $10 par value common stock. Pald the premium on a 1-year insurance policy. $4,800. Pald the current month's store rent expense. $3,600. Purchased repair equipment from Poul's Pool Equipment Company, $7.800. Pald $600 down and the balance was placed on account. Purchased repair supplies from Mary's Repair Company on credit. $450. Pald telephone bill, $300. Cash pool service revenue for the first third of July, $2.650. Made payment to Mary's Repair Company, $300. Cash pool service revenue for the second third of July, $4.000. Cash pool service revenue for the last third of July $2,250. Paid the current month's electric bill. $500. Declared and paid cash dividend of $1.100, July 8 July 10 July 11 July 18 July 20 July 31 July 31 July 31 Menu Project Instructions July Transactions Chart of Accounts 1 - Journal Entries 2 General Ledge Ready