This problem continues the accounting process for Pure Water, Inc., from the continuing problem in Chapter 2. The trial balance for Pure Water, Inc., at June 30, 2012, should look like this:

During July, the following transactions occurred:
Jul 1 Paid four months€™ rent, $7,200.
4 Performed service for a customer and received cash, $2,100.
9 Received $2,700 from customers for services to be performed later.
12 Purchased $950 of supplies on account.
15 Billed customers for services performed, $2,600.
16 Paid receptionist€™s salary, $550.
22 Received $3,100 on account.
25 Paid $2,000 on account.
28 Received $1,600 cash for services performed.
30 Paid $900 of dividends.

Requirements
1. Journalize the transactions that occurred in July. Omit explanations.
2. Using the four-column accounts from the continuing problem in Chapter 2, post the transactions to the ledger creating new ledger accounts as necessary. Omit posting references. Calculate the new account balances at July 31.
3. Prepare the unadjusted trial balance for Pure Water, Inc., at July 31.
4. Journalize and post the adjusting entries for July based on the following adjustment information.
a. Record the expired rent.
b. Supplies on hand, $200.
c. Depreciation; $1 00 equipment, $75 furniture, $330 vehicles.
d. Services performed but unbilled, $1,900.
e. Accrued salaries, $550.
f. Unearned service revenue earned as of July 31, $1,000.
5. Prepare an adjusted trial balance for Pure Water, Inc., at the end of July.
6. Prepare the income statement and statement of retained earnings for the three-month period May 1 through July 31, 2012. Also prepare a balance sheet at July 31, 2012.
7. Prepare and post-closing entries.
8. Prepare a post-closing trial balance at July 31,2012.

Pure Water, Inc. Trial Balance June 30, 2012 ACCOUNT DEBIT I CREDIT ! $30,635 2,300 1,370 17,000 3.600 2,400 35,800 Cash Accounts Receivable Supplies Land Furniture Equipment Vehicles Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Advertising Expense Miscellaneous Expense Total S 4,380 35,800 52,500 5,300 11,600 2,200 1,800 1,300 325 25004 290 $104,280 $104,280