Ahuja Dental Services’ general ledger at June 30, 2024, included the following: Cash $5,820, Supplies $1,180, Equipment $64,990, Notes Payable $50,020, Accounts Payable $680, and S. Ahuja, Capital $21,290. During July 2024, the following transactions occurred:

July 2 Paid July’s rent of $1,060.

4 Purchased $790 of supplies on account.

15 Paid the accounts payable owing from June 30, 2024.

31 Paid the dental assistant’s salary of $2,420.

31 Provided $10,340 of dental services during July. Collected $9,940 of this in cash.

Instructions

a. Journalize the July transactions.

b. Create T accounts and enter the balances as at June 30, 2024.

c. Post the July journal entries.

d. Prepare a trial balance.