QueSLIUI IJ117 polls) During the first month of operations, the following transactions occurred for Zim Moving Corporation: July 1 Issued common shares in exchange for $20,000 in cash and equipment valued at $12,000. July 4 Paid $16,000 for 4 months of rent. July 8 Purchased a digital scanner on account for $1,750. July 10 Purchased a truck for $40,000 by signing a bank loan. July 15 Billed $2,800 to a customer for moving services provided. July 18 Paid $1,100 for this month's insurance. July 25 Paid for the scanner purchased on July 8th. July 29 Received the July cell phone bill for $180 which is due in 15 days. July 30 Declared and paid $900 of dividends to shareholders. Zim Moving Corporation uses the following accounts: Zim Moving Corporation uses the following accounts: Cash Accounts payable Accounts receivable Deferred revenue Supplies Salaries payable Prepaid advertising Bank loan payable Prepaid insurance Common shares Prepaid rent Dividends declared Equipment Truck Service revenue Advertising expense Insurance expense Rent expense Supplies expense Telephone expense Utilities expense REQUIRED: Prepare the journal entries for the above transactions on the general journal form provided. V BI UA/ Paragraph . + 2 GENERAL JOURNAL ACCOUNT TITLES DEBIT CREDIT DATE GHOVIOMI IC 1 = = II O G o cy GENERAL JOURNAL ACCOUNT TITLES DEBIT CREDIT DATE