What is the adjusted trial balance ?

Gener Home Insert Page Layout Formulas Data Review ViewAdd-I Cut Copy Clipboard Arial Paste Alignment Font Salary Expense 41 8 1 Requirement #1 2 During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation 3 completed the following transactions 5 July 1 Began business by making a deposit in a company bank account of $40,000, in exchange 8 July 3 o July 5 12 July 7 for 4,000 shares of $10 par value common stock Paid the current month's rent, $2,500 Paid the premium on a 1 year insurance policy. $3,600 Purchased supplies on account from Little Company, $700 13 14 July 10 Paid employee salaries, $2,800 6 July 14 Purchased equipment from Lake Company. $9,500. Paid $1,500 down and the balance was placed on account. Payments will be $500 00 per month for 20 months. The first payment is due 8/1. Note: Use accounts payable for the balance due July 15 Received cash for preparing tax returns for the first half of July. $6,500 July 19 Made payment on account to Lake Company, $500 July 31 Received cash for preparing tax returns for the last haltf of July, $8,250 6 July 31 Declared and paid cash dradends of $450 21 29 Prepare journal entries to record the July tra s in the General Journal below. General Jounal Cash Common Stock Rent Expense Cash edt 40.000 2,500 3,600 40 Genenl Ledger Balance Adjusted Tral Baance