+ Tom Greenberg opened Averting Glass Movie Consulting on July 1, 2022, a consulting sole proprietorship focusing on theatre organizations. 1) During July, the following transactions were completed. Record the following transactions in a journal, post these transactions to a ledger, and complete a trial balance. July 1 Owner invested $12,000 cash in the company. 1 Purchased a used vehicle for $8,000, paying $2,000 cash and the balance on account. 3 Purchased supplies for $900 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,700 for services performed. 18 Paid $1,000 cash on amount owed on the vehicle and $500 on amount owed on supplies. 20 Paid $2,000 cash for employee salaries. 21 Collected $1,600 cash from customers billed on July 12. 25 Billed customers $2,500 for services performed. 31 Paid $290 for maintenance of the vehicle during month. 31 Owner withdrew $600 cash from the company. 2) It is now July 31st and Tom needs to complete adjusting entries. Journalize the following adjusting entries, post these entries to a ledger, and complete an adjusted trial balance. 1. Services performed but unbilled and uncollected at July 31 were $1,700. 2. Depreciation on equipment for the month was $180. 3. One month of the insurance expired. 4. A count shows $320 of supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $400. 3) Using the data from your adjusted trial balance, create an Income Statement, Statement of Equity, and a Balance Sheet. 4) Journalize closing entries for the month of July and post the closing entries to the ledger. 5) Complete a Post-Closing Trial Balance