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During its first month of operation, the Melvin Plumbing Corporation, which specializes in re completed the following transactions July 1 Began business by making a deposit in a company bank account of S90,000, in for 9,000 shares of S10 par value common stock. July 3 Paid the current month's rent, $5,500 July 5 Paid the premium on a 1-year insurance policy, $4,800 July 7 Purchased supplies on account from Little Company, $900 July 10 Paid employee salaries, $3,300 July 14 Purchased equipment from Lake Company, $11,500. Paid $1,500 down and the placed on account. Payments will be $500.00 per month for 20 months. The first Note: Use accounts payable for the balance due July 15 Received cash for plumbing revenue for the first half of July, S7,700 July 19 Made payment on account to Lake Company, S500 July 31 Received cash for plumbing revenue for the last half of July, $8,505 July 31 Declared and paid cash dividends of $600 Requirement #5: Post the adjusting entries to the General Ledger T-accounts and compute adjusted balances Just add to the balances that are already listed