Journalize and post closing entries and complete the closing process. all transactions are listed in instructions none are missing.

At June 30, 2017, the end of its most recent fiscal year, Bridgeport Computer Consultants' post-closing trial balance was as follows: Debit Credit $ 4,180 960 550 Cash Accounts receivable Supplies Accounts payable Unearned service revenue Common stock Retained earnings $320 900 2,900 1,570 $5,690 $5,690 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Bridgeport conducted the following transactions during July 2017, and adjusts its accounts monthly Purchased equipment, paying $ 3,200 cash and signing a 2-year note payable for $16,000. The equipment has a 4-year useful life. The note has a 6% interest rate which is payable on the first day of each following month Issued 16,000 shares of common stock for $ 40,000 cash. Paid $ 3,000 cash for a 12-month insurance policy effective July 1. Paid the first 2 (July and August 2017) months' rent for an annual lease of office space for $ 3,200 per month Paid $3,000 for supplies. Visited client offices and agreed on the terms of a consulting project. Bridgeport will bill the client, Connor Productions, on the 20th of each month for services performed Collected $960 cash on account from Milani Brothers. This client was billed in June when Bridgeport performed the service Performed services for Fitzgerald Enterprises. This client paid $ 900 in advance last month. All services relating to this payment are now completed Paid $ 320 cash for a utility bill. This related to June utilities that were accrued at the end of June Met with a new client, Thunder Bay Technologies. Received $ 9,600 cash in advance for future services to be performed July 1 2 3 3 6 9 10 13 14 16