Prepare adjusting entries using the following information in the General Journal below. Show your calculations!

July 1	Issued 15,000 shares of the company's common stock in exchange for $15,000.
July 3	Purchased a truck for $8,000. A down payment of $3,000 was made, with the balance on account.
July 5	Paid $1,200 to cover rent from July 1 through September 30.
July 7	Purchased $2,000 of supplies on account.
July 10	Billed customers for consulting services performed, $3,700.
July 14	Paid $500 toward the amount owed for the supplies purchased on July 7.
July 15	Paid $1750 in cash for employee wages.
July 19	Collected $1600 in cash from customers that were billed on July 10.
July 21	Received $4,200 cash from customers for services performed.
July 31	Paid $350 in cash for truck repairs.
July 31	Declared and Paid $700 in cash dividends.

Requirement #3: Prepare a trial balance for July in the space below. True Consulting Corporation Trial Balance July 31 Cash Supplies Equipment Accounts Payable Common Stock Service Revenue Rent Expense Wages Expense Repairs & Maintenance Expense Dividends Net Loss 13,300 2,000 8,000 1,200 1,750 350 700 2,100 29,400 6,500 15,000 7,900 29,400 Requirement #4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's rent has expired b) The remaining inventory of supplies is $600. c) The estimated depreciation on equipment is $100. d) The estimated income taxes are $1,200. General Journal Date Description (Account Name) Debit Credit 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