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The following transactions for Rodriguez Co. were completed during July: July 1 Rodriguez invested $15,000 cash to start the business, 2 Paid $1,800 cash for
The following transactions for Rodriguez Co. were completed during July: July 1 Rodriguez invested $15,000 cash to start the business, 2 Paid $1,800 cash for July rent on an office. 3 Purchased $3,300 supplies on account from Han Supply Company 7 Purchased equipment costing S42.000; paid $9,000 cash and signed a promissory note for the balance due. 11 Performed services for customers and received $11,500 cash. 14 Purchased a 1-year property insurance policy for $2,400 cash. 19 Made a $1,600 cash payment on accounts payable to Han Supply Company. 20 Borrowed $3,000 cash from the bank and signed a promissory note for the balance due. 21 Performed pest removal services and billed the customers $14,700. 24 Rodriguez withdrew $1,100 cash for personal use. 26 Received a $4,400 cash advance from a local business for pest removal services to be performed for the business over the next 4 months beginning on August 1. 29 Received $5,600 cash on account from previously billed customers. 30 Paid cash for an employee's salary for July, $1,400. 31 Received the July utility bill of $1,200--the bill will be paid in Auggust. REQUIRED: A. In the attached general journal, journalize (in good form) the effects of the above transactions. Note, you may want to review the attached general ledger of accounts before you journalize to familiarize yourself with specific account titles. B. Post your journal entries from part A to the attached general ledger of accounts. C. Prepare a trial balance below
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