Required:

1. Prepare journal entries for the month of July.

2. Post to ledger account of the three column running balance form.

3. Prepare a trial balance at July 31, 2019.

Stadium parking was organized on July 1, 2019 to operate a parking lot near a new sports arena. The following transaction occurred during July prior to the company beginning its business operation.

July 1: Sylvia Snyder opened a bank account in the name of the business with a deposit of $45000 cash.

July 2: Purchased land to be used as parking lot for a total price of $ 140,000. Cash down payment of $ 28000 was made and a note payable was issued for the balance of the purchase price.

July 5: Purchased a small portable building for $ 4000 cash. The purchased price included installation of the building on the parking lot.

July 12: Purchased office equipment on credit from Suzuki & co for $ 3000.

July 18: Office supplies expected to last several months were purchased for $ 5,000 and paid cash.

July 23: Medical Instrument costing 3000, were purchased on account now returned back, seller will refund the amount after 10 days.

July 28: Paid $ 2000 of the amount owed (payable) to Suzuki & co.