Requirement #8

prepare the closing entries at July 31 in the general journal below

Jily t. Issedd 15,000 shares of the company/s common stock m exchange for 515,000 Wy 3 Pechaied a truck for $8,000 A down paymest of $3,000 was mude, with the tolance en accourf July 5 Paid 51,200 to cover nert fon July 1 insoght September 30 Wy? Puechased $2,000 of supples on account July 10 Eiled customen for consuling senices pertamed, $3, , mo. Wuly 14 Pad $500 toward the amount owed for the supples purchased on Jiy 7. Juy is Pad 51750 in cash fer employee wapes Wuly ig Colected $1600 in cash fom custemers that were bled of July 10 Doly 21 Received 54,200 cauh tom cuntemms for sentes pensrmad Jily 31 Ped 5360 in cash for twek aepars. Wyy 31 Declared and Pad $700 in cash dvidents