The trial balance of Irene's Coin Laundry on June 30 is shown below:

IRENE'S COIN LAUNDRY Trial Balance June 30, 2002

Account No. Debit Credit

101 Cash $8,750

112 Accounts Receivable $2,320

126 Supplies $1,900

157 Equipment $9,000

201 Accounts Payable $ 5,500

206 Unearned Revenue $ 800

301 Irene Boris, Capital _ ______ $15,670

$21,970 $21,970

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The July transactions were as follows:

July 5 Received $850 cash from customers on account.

10 Billed customers for services performed, $6,300.

15 Paid employee salaries, $1,400.

16 Performed $600 of services for customers who paid in advance in June.

20 Paid $2,000 to creditors on account.

21 Received $250 for services rendered on a cash basis (i.e. not on account).

26 Purchased supplies on account, at a cost of $350.

29 Withdrew $600 for personal use.

30 Paid utilities $900

Instructions

(a) Enter the opening balances in the ledger accounts as of July 1. Write "Balance" in the explanation space and insert a check mark in the reference column. Provision should be made for the following additional accounts: No. 306 Irene Boris, Drawings, No. 426 Laundry Revenue, No. 726 Salaries Expense, and No. 732 Utilities Expense.

(b) Journalize the transactions.

(c) Post to the ledger accounts.

(d) Prepare a trail balance as of July 31, 2002.