2-Case: (5 Marks) Mazen and Ali opened an engineering consultation company on July 1, 2021. During the first month of operations the following transactions occurred: July 1 Stockholders invested $60,000 cash in the business as their capital and received ordinary share. July 2 Paid $5,000 cash for office rent for the month of July July 10 Purchased equipment for $40,000, paying $10,000 in cash and $30,000 on account. July 30 received 20,000 in cash for services provided to the customers during the month Required: (a) Journalize the July transactions. (Journal Entry) (b) Post the journal entries to ledger accounts (T accounts). (c) Prepare the trial balance on July 31, 2016, 1. The general journal Date Debit Credit Explanation July 1 July 2 July 10 July 30 b. Posting to ledger: Cash accent Debit/Dr. Credit Share Capital account Debi Dr. Credit Papers