Requirements	Sheet in Workbook
Requirement 1Prepare the Journal Entries in the General Journal	Journal Entries
Requirement 2Post Journal Entries to the General Ledger	General Ledger
Requirement 3Prepare a Trial Balance	Trial Balance
Requirement 4Prepare the Adjusting Entries	Adjusting Entries
Requirement 5Post Adjusting Entries to the General Ledger	General Ledger
Requirement 6Prepare an Adjusted Trial Balance	Adjusted Trial Balance
Requirement 7Prepare the Financial Statements	Financial Statements
Requirement 8Prepare the Closing Entries	Closing Entries
Requirement 9Post Closing Entries to the General Ledger	General Ledger
Requirement 10Prepare the Post Closing Trial Balance	Post-Closing Trial Balance

Requirement #1:
During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation,
completed the following transactions.
July 1	Began business by making a deposit in a company bank account of $60,000, in exchange
	for 6,000 shares of $10 par value common stock.
July 3	Paid the current month's rent, $3,500
July 5	Paid the premium on a 1-year insurance policy, $4,200
July 7	Purchased supplies on account from Little Company, $1,000.
July 10	Paid employee salaries, $3,500
July 14	Purchased equipment from Lake Company, $10,000. Paid $2,500 down and the balance was
	placed on account. Payments will be $500.00 per month until the equipment is paid. The first payment is due 8/1.
	Note: Use accounts payable for the balance due.
July 15	Received cash for preparing tax returns for the first half of July, $8,000
July 19	Made payment on account to Lake Company, $500.
July 31	Received cash for preparing tax returns for the last half of July, $9,000
July 31	Declared and paid cash dividends of $600.

Please do all the requirements.