Set up the following ledger accounts for Magic Cleaning Co. Include the account the balances. Use the 07/01/2020 date:

Cash-$5,000; Accounts Receivable-$1,500; Supplies-$300; Washing Equipment-$10,000; Accounts Payable-$500; Yiru's Capital-$16,300.

1. a trial balance 07/01/2020?

2. Journalize and post to the ledger account the following business transactions for the third quarter.

3. After you have journalized and posted the transactions, find in the ledger accounts, and a trial balance dated 09/30/2020.?

Business Transactions:

1. Paid quarterly rent of $3,000 to Eden Property Co. in cash.

2.Received a check for $500 from RLI Co. in part payment of their obligation to us (Credit. Accounts Receivable)

3. Received $9,000 for cleaning revenue.

4.Paid salaries amounting to $2,500.

5.Sent a check for $300 in payment of our obligation to Good Supply Co. due today. (Debit. Accounts Payable)

6. Yiru took $1,000 out of the business for personal use.

7.Paid monthly water bill amounting to $100

8.Sent the Clean Goods a check for $180 for laundry expenses.

9. Purchased a new machine for $800 and agreed to pay Clean Goods Co. in thirty days. (Credit. Accounts Payable)

10. Bought some supplies consisting of soap powder and liquid, paying $120 cash.