Wyoming Restoration Company completed the following selected transactions during July $20$Y$1$:

TRANSACTIONS

July $1.$ Established a petty cash fund of $$1,200.$

July $12.$ The cash sales for the day, according to the cash register records, totaled $$8,356,$ including sales

tax of $$473.$ The actual cash received from cash sales was $$8,389.$ Cost of goods sold related to

these sales was $$3,360.$

July $31.$ Petty cash on hand was $$217.$ Replenished the petty cash fund for the following disbursements,

each evidenced by a petty cash receipt:

July $3.$ Store supplies, $$510.$

July $7.$ Express charges on merchandise sold, $$90($Delivery Expense$).$

July $9.$ Office supplies, $$30.$

July $13.$ Office supplies, $$35.$

July $19.$ Postage stamps, $$50($Office Supplies$).$

July $21.$ Repair to office file cabinet lock, $$60($Miscellaneous Administrative Expense$).$

July $22.$ Postage due on special delivery letter, $$28($Miscellaneous Administrative Expense$).$

July $24.$ Express charges on merchandise sold, $$135($Delivery Expense$).$

July $30.$ Office supplies, $$25.$

July $31.$ The cash sales for the day, according to the cash register records, totaled $$10,289,$ including sales

tax of $$582.$ The actual cash received from cash sales was $$10,275.$ Cost of goods sold related to

these sales was $$4,115.$

July $31.$ Decreased the petty cash fund by $$100.$

Required:

$1$ Journalize the transactions and post them to the general ledger.

$2$ Complete the worksheet. The adjusting entries for the month are:

Office supplies on hand were $$1,000.$

Store supplies on hand were $$2,500.$

Depreciation on the Office equipment was $$250.$

Depreciation of the Store equipment was $$425.$

Interest related to the note receivable for July was $$75.$

Interest related to the note payable for July was $$260.$

Salaries for the month of July are $$4,800$ and will be paid on August $5.$

Insurance used in the month of July was $$1,250.$

$3$ Journalize and post the adjusting entries.

$4$ Prepare a multiple$-$step income statement.

$5$ Prepare a statement of stockholders$$ equity.

$6$ Prepare a balance sheet.

$7$ Journalize and post the closing entries.

$8$ Prepare a post$-$closing trial balance.