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Question 3: On July 1, 2019, ABC co. had a cash balance of 60.000. During July the following summary transactions were completed. 1. Received 12.000

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Question 3: On July 1, 2019, ABC co. had a cash balance of 60.000. During July the following summary transactions were completed. 1. Received 12.000 cash from customers. 2. Paid 5.000 cash for creditors. 3. Additional investment 30.000 cash. 4. Received 15.000 cash for services will performed in October. 5. Purchased equipment 30.000 paid 10.000 only cash, and signed note. 6. Paid cash 50.000 for two years' insurance policy. 7. Purchased supplies on account 1.000. 8. Performed services on account 16.000 9. Hired a secretary receptionist at a salary of 10.000 per month. 10. Office rent 6.000 for the month not paid yet. 11.Paid advertising for the month 2.000 cash Required: (a) Journalize the transactions. (b) Post to the cash ledger account

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