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Question 1 Ivanhoe Company had the following trial balance at June 30, 2021 (its year end). Debit Credit Cash $5,840 Accounts Receivable 820 Supplies 1,230

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Question 1 Ivanhoe Company had the following trial balance at June 30, 2021 (its year end). Debit Credit Cash $5,840 Accounts Receivable 820 Supplies 1,230 Equipment 9,864 Accumulated Depreciation-Equipment $4,110 Unearned Revenue 1,340 Ivanhoe, Capital 12,304 Totals $17,754 $17,754 During the month of July, the following selected transactions took place: July 2 Paid $870 cash for rent for July, August, and September. 10 Purchased $180 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 Received $670 cash from a customer for services to be provided in August. 25 Provided $1,280 of services for a customer and immediately collected cash. Additional information: 1. 2. 3. . At July 31, the company had provided $790 of services for a customer that it had not billed or recorded. Supplies on hand at July 31 were $820. The equipment has a six-year useful life. As at July 31, the company had performed services of $930 that had been paid in advance and was recorded as unearned revenue. Record the transactions. (Credit account cities are automatically indented when amount is entered. De ner indent manually. If no entry select "ry for the entities and enter for the amounts Recand journal entries in the order wenied in the problem.) Date Account Titles and Explanation Debit Credit (Paid rent in advance) Purchase supplies for cash) (Collection on account) Received cash in advance from customer.) (Performed services for cash.)

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