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Record the transactions in the journal, post them to the ledger, prepare a trial balance, prepare adjusting journal entries, post them to the ledger, and

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Record the transactions in the journal, post them to the ledger, prepare a trial balance, prepare adjusting journal entries, post them to the ledger, and prepare an adjusted trial balance. Lawson Logan's legal services began business on July 1st and had the following transactions: 7-1: Lawson Logan contributed $200,000, cash to Lawson Logan's Legal Services. 7-1: LLLS signed a lease and paid $50,000, cash. The term of the lease is two months beginning on July 1st. 7-2: LLLS purchased supplies for $20,000, cash. 7-5: LLLS prepared and delivered legal contracts to Amazon and billed them $300,000 7-10: LLLS purchased office furniture for $50,000, cash. 7-12: LLLS received a $100,000, cash advance from Target for legal work to be provided in the future. Information for Adjusting Journal Entries: a. Depreciation expense for July $5,000 b. Unused supplies on July 31st, $13,000 c. Rent expense for July $25,000 d. Salaries earned but not paid in July $40,000 e. Legal services provided to Target during the month $70,000 f. LLLS received $20,000 worth of plumbing services during the month. This amount has not been paid or recorded as of July 31st

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