I cant figure out the missing information. Please help. $3.970 910 520 Cash Acco

Question

I cant figure out the missing information. Please help.

$3.970 910 520 Cash Accounts receivable Accounts payable Unearned service revenue Common stock Retained earnings $300 850 2,700 55,400 S5,400 The company underwent a major expansion in July. New staff was hired and more financing was cbtained. Blue conducted the following transactions during uly 2017, and adjusts its accounts monthly 15,200. The equipment has a 4 year useful life. The note has?6% interest ate which is payable on the first day or each rollo in month Purchased equipment, paying 52,800 cash and signing a 2-year note payable r Issued 15,200 shares of common stcck for $38,000 cash. July 1 2 3 Paid $3,000 cash for a 12-month insurance policy effective July 1. 3 Paid the first 2 (July and August 2017) months' rent for an annual lease of office space for $3,000 per month. 6 Paid $2,900 for supplies 9 Visited client offices and agreed on the terms of a consulting project. Blue will bill the client, Connor Productions, on the 20th of each month for services performed. 10 Collected $910 cash on account from Milani Brothers. This client was billed in June when Blue performed the service. 13 Performed services for Fitzgerald Enterprises. This client paid $850 in advance last month. All services relating to this payment are now completed. 14 Paid $300 cash for a utility bill. This related to June utilities that were accrued at the end of June. 16 Met with a new dient, Thunder Bay Technologies. Received $9,100 cash in advance for future services to be performed 18 Paid semi-monthly salaries for $,400 20 Performed services worth $21,300 on account and billed customers. 20 Received a bill for $1,700 for advertising services received during July. The amount is not due until August 15 23 Performed the first phase of the project for Thunder Bay Technologies. Recognized $7,600 of revenue from the cash advance received July 16. 27 Received $11,400 cash from customers billed on July 20. Adjustment data: 1. Adjustment of prepaid insurance. 2. Adjustment of prepaid rent. 3. Supplies used, S950 4. Equipment depreciation, S375 per month. 5 Accrual of interest on note payable. 6. Salaries for the second half of July, 58,400, to be paid on August 1. . Estimated utilities expense for July, $610 (invoice will be received in August) 8. Income tax for July, $910, will be paid in August.

Explanation / Answer

No. Date Account Title and Explanations Debit Credit 1. July 31 Insurance Exoense 250 Prepaid Insurance 250 2. July 31 Rent Expense 3000 Prepaid Rent 3000 3. Interest Expense 760    July 31 Interest Payable    760

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