Transaction	Particulars	Debit	Credit
1	No entry
2	Bank A/c	$ 45,000.00
	Common Stock		$ 45,000.00
3	Prepaid Rent	$ 9,000.00
	Cash		$ 9,000.00
4	Prepaid Insurance	$ 3,600.00
	Cash		$ 3,600.00
5	Computer A/c	$ 2,700.00
	Notes Payable - Office Mart		$ 2,700.00
6	Bank A/c	$ 18,000.00
	Notes Payable - Well Fargo		$ 18,000.00
7	Refreigerator	$ 13,000.00
	Cash		$ 13,000.00
8	Delievery Van	$ 25,000.00
	Cash		$ 25,000.00
9	Adv Expenses	$ 1,200.00
	Cash		$ 1,200.00
10	Prepaid Adv Expenses	$ 1,200.00
	Cash		$ 1,200.00
11	Inventoty - Fruits	$ 16,400.00
	Accounts Payable - Izzy Fruits		$ 16,400.00
12	Inventoty - Basket	$ 2,400.00
	Accounts Payable - Bens Basket		$ 2,400.00
13	Legal Expesne	$ 2,000.00
	Cash		$ 2,000.00
14	No entry
15	Supplies A/c	$ 850.00
	Accounts Payable		$ 850.00
16	Accounts Receivable	$ 4,000.00
	Sales		$ 4,000.00
17	Inventoty - Fruits	$ 5,500.00
	Accounts Payable - Izzy Fruits		$ 5,500.00
18	Accounts Payable	$ 850.00
	Cash		$ 850.00
19	Adv Expenses	$ 625.00
	Inventory - Fruits		$ 600.00
	Inventoty - Basket		$ 25.00
20	Bank	$ 4,000.00
	Accounts Receivable		$ 4,000.00
21	Credit Card Expenses	$ 675.00
	Bank		$ 675.00
22	Accounts Payable - Bens Basket	$ 2,400.00
	Cash		$ 2,400.00
23	Bank	$ 10,260.00
	Sales		$ 9,500.00
	Taxes on Sales		$ 760.00
24	Accounts Payable - Izzy Fruits	$ 21,900.00
	Bank		$ 21,900.00
26	Utility Expenses	$ 250.00
	Accounts Payable		$ 250.00
27	Notes Payable - Office Mart	$ 450.00
	Interest	$ 22.50
	Cash		$ 472.50
28	Accounts Receivable	$ 4,500.00
	Sales		$ 4,500.00
29	Sales Tax Payable	$ 1,360.00
	Cash		$ 1,360.00
30	Dividend	$ 50.00
	Cash		$ 50.00

(fruit $2,815; baskets $280). Sales tax was $360. Paid all sales tax owed for July to the Comptroller of Public Accounts 29. 7/31 ck #1013 30. 7/31 ck #1014 | Declared and paid a cash dividend of $50 to Fran Franco. Part Two Requirements Record Adjusting Entries: Record the following month end adjusting entries for the month of July. Write the adjusting journal entries in the practice set after the journal entries and make sure that there is an explanation for each entry. Then record the entries on Blackboard. $15 of supplies remained on hand. $1,500 of wages for the part-time help from El Paso Temp Services for July should be accrued. Do not worry about payroll taxes; Temp Services Inc. will handle these. a. b. 6 P a ge