Table 7-9
the Following Transactions Occurred During the Month of July

question 1

Essay

Table 7-9
The following transactions occurred during the month of July for Lancer Company. $\begin{array}{llcc} \text {July 1 } &\text {Sold Merchandise on credit for \( \$ 3,100 \) to Chris Co, \( 2 / 10, \mathrm{n} 30 \), Invoice 316 . } \\ \text { 7 } & \text { Sold merchandise on credit to D. James for \( \$ 900,2 / 20 \), n 30 , Invoice 317 . }\\ \text {8 } &\text {Borrowed \( \$ 2,750 \) by giving a note to the bank. }\\ \text {13 } &\text {Owner invested an additional \( \$ 3,500 \) cash into the business. }\\ \text { 18 } &\text { Sold merchandise to \( M \). Garnett for \( \$ 230 \) cash.}\\ \text { 22} &\text { Sold merchandise to \( \mathrm{ABC} \) Co. \( \$ 2,100 \), Invoice \( 318 \mathrm{n} / 30 \). }\\ \text {27 } & \text { Received payment from D. James for the July 7 purchase. }\\ \text {30 } &\text {Paid salaries of \( \$ 1,600 \). }\\\end{array}$


-Refer to Table 7-9. Using the general ledger, prepare a trial balance. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Trial Balance }$
$\begin{array}{|l|l|l|}\hline \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad&\text { Debit\quad\quad\quad } & \text { Credit\quad\quad } \\\hline& & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline\end{array}$

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Definitions:

Colder Climates

Regions with lower average temperatures, often characterized by longer winters and shorter summers, affecting living conditions and lifestyle.

Basal Metabolic Rate

The pace at which energy is consumed by the body in a resting state to support crucial processes such as respiration and maintaining body heat.

Energy Expenditure

The total amount of energy used by the body, encompassing basal metabolic rate, physical activity, and energy used in digestion and absorption of food.

Anorexia

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight.