Donald Winn and Judy Reed agreed to liquidate their partnership on June 30 of the current year. On that date, after financial statements were prepared and closing entries were posted, the general ledger accounts had the following balances.

The following transactions occurred during July of the current year.

Instructions:
Journalize the transactions. Use page 13 of a cash receipts journal, page 13 of a cash payments journal, and page 7 of a general journal.

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Cash Supplies Office Equipment Accumulated Depreciation-Office Equipment Truck Accumulated Depreciation-Truck Accounts Payable Donald Winn, Capital Judy Reed, Capital $ 5,000.00 500.00 10,000.00 5,500.00 17,000.00 12,200.00 500.00 7,300.00 7,000.00