Transaction Analysis and Trial Balance Argenald Conners owns Terminator Corp., a firm providing third-person relationship breakups. On July 1, the business's general ledger showed the following normal account balances: Cash Accounts $14,500 Accounts payable $2,100 receivable 9,800 Notes payable 7,000 Common stock 11,200 Retained earnings 4,000 Total Assets $24,300 Total liabilities and Stockholders' Equity $24,300 The following transactions occurred during the month of July: 1. Paid July rent, $670. 2. Collected $8,100 on account from customers. 3. Paid $3,500 installment due on the $7,000 noninterest-bearing note payable to a relative. 4. Billed customers for termination services rendered on account, $21,000. 5. Rendered termination services and collected from cash customers, $1,400. 6. Paid $1,900 to creditors on account. 7. Collected $16,500 on account from customers. 8. Paid a delivery service for delivery of a breakup specialist in a box (to reach a reclusive target), $400. 9. Paid July salaries, $4,600. 10. Received invoice for July advertising expense, to be paid in August, $675. 11. Paid utilities for July, $350. 12. The business paid a $2,000 cash dividend. 13. Received invoice for supplies used in July, to be paid in August, $975. 14. Purchased a computer for $4,300 cash to be used in the business starting next month. Required a. Set up accounts for the general ledger accounts with July 1 balances and enter the beginning balances. Also provide the following accounts: Equipment; Dividends; Termination Revenue; Rent Expense; Salaries Expense; Delivery Expense; Advertising Expense; Utilities Expense; and Supplies Expense. Prepare journal entries and record the listed transactions in the appropriate T- accounts. b. Prepare a trial balance as of July 31.