Transaction Analysis and Trial Balance Ashley Somers owns San Diego Art Company, a firm providing designs for advertisers, market analysts, and others. On July 1, the account balances: Cash $10,700 Accounts Payable $2,600 Accounts Receivable 10,000 Notes Payable 5.200 Common Stock 10.900 Retained Earnings 2,000 Total Assets $20,700 Total Liabilities and Stockholders' Equity $20,700 The following transactions occurred during the month of July: July 1 Paid July rent, 5870. 2 Collected 58,300 on account from customers 3 Paid $2,700 installment due on the $5,200 noninterest-bearing note payable. 4 Billed customers for design services rendered on account. $19,750 5 Rendered design services and collected from cash customers, 51,400 6 Paid $1,900 to creditors on account. 7 Collected $14,950 on account from customers. 8 Paid a delivery service for delivery of graphics to commercial firms, 5600 9 Paid july salaries, $4,800. 10 Received invoice for July advertising expense, to be paid in August $800. 11 Paid utilities for July, $550. 12 The business paid a $2,200 cash dividend. 13 Received invoice for supplies used in July, to be paid in August $2.460. 14 Purchased computer for $4.500 cash to be used in business starting next month. Ref. Debit Credit (1) General Journal Description Cash Rent Expense To record payment of rent expense. (2) To record collections from customers To record payment of notes payable. To record customer billings To record service fees rendered and collected To record payments to creditors To record collections from customers. To record payment of delivery expense. To record payment of delivery expense. To record salaries expense. (10) To record advertising expense to be paid following month. (11) To record payment of utilities expense. (12) To record payment of dividends. (13) To record supplies expense for the month (14) To record purchase of computer, Please answer all parts of the question Accounts Receivable Notes Payette 0 o o Oo oo BNO o o o oooooooooooo o o o o o o Bar o ACCOUNES Payable Dividends Bee 00 (13) Bar Bato Advertising Expense Utilities Expense Supplies Expense (10) SAN DIEGO ART COMPANY Trial Balance July 31 Debit Credit Cash Accounts Receivable Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Fees Earned Rent Expense Salaries Expense Delivery Expense Advertising Expense Utilities Expense Supplies Expense Totals 0 $ 0 Please answer all parts of the