In July, the following transactions occurred for Rodger's Fitness Training Studio of Sydney:
2017
July ...... 2 Rodger Baldwin invested $16,200 in the studio.
............ 3 Paid three months' rent in advance, $1,650.
............ 4 Purchased supplies on account from Marlin Supplies, $640.
........... 7 Purchased equipment on account from Brinkley Company, $8,300.
........... 8 Received $2,100 cash for fitness training program provided to Anne Webber Dance Group.
........... 11 Billed Short Co. for lessons provided, $1,400.
........... 14 Rodger withdrew $759 from the studio to buy a new stereo for his apartment.
........... 15 Paid salaries expense, $1,350.
........... 28 Paid telephone bill for studio, $160.
........... 29 Electricity bill was received but not yet paid, $150.
........... 31 Advertising bill was received from City Newspaper but not yet paid, $325.
Required
a. The ledger is already set up for you based on the Chart of Accounts.
b. Journalize (all page 1) and post the July transactions.
c. Prepare a trial balance as of July 31, 2017.
Chart of accounts includes: Cash, 111; Accounts Receivable, 112; Prepaid Rent, 114; Supplies, 121; Equipment, 131; Accounts Payable, 211; Rodger Baldwin, Capital, 311; Rodger Baldwin, Withdrawals, 321; Fees Earned, 411; Advertising Expense, 511; Electrical Expense, 515; Salaries Expense, 521; Telephone Expense, 531.