9) Student Painters Inc, began business on July 1. During their first month of operations, Student Painters had the following transactions. July 1 Received $39,000 of cash and issued common stock to shareholders. July 3 Purchased supplies of $200 and equipment of $3,100, both on account. July 5 Painted a house for a customer, who paid $1,600 in cash. July 7 Purchased land for cash of $27,000. July 11 Performed painting services for a customer, who was billed for $900. The customer promised to pay the first week of August. July 16 Paid for the equipment purchased on July 3. July 17 Received and paid phone bill for $170. July 18 Received $450 from a customer on account. (i.e. the customer was paying off an account receivable he owed to the company) July 22 Paid water bill of $190. July 29 Painted a house for a customer, who paid $1,400 in cash. July 30 Paid employee salaries of $2,400. July 31 Declared and paid cash dividends of $6,500. a) Show all journal entries Student Painters would have to make during the month of July. (Hint: it might be easier to do parts (a) and (b) concurrently.) b) Post all journal entries from (a) into the T-accounts c) Prepare Student Painters' Trial Balance at July 31