H&R Clock Company
the Following Transactions Were Incurred During July

question 47

Essay

H&R Clock Company
The following transactions were incurred during July 2014:
$\begin{array}{ll} \text { July 1 } & \text { Raised \$ 30,000 by issuing a note to the bank for \$ 15,000 and issuing \$ 15,000 of common stock } \\ \text { July 5 } & \text { Purchased \$ 5,100 of office supplies on credit; payment is due in 30 days. } \\ \text { July 12 } & \text { Performed \$ 18,000 of services for customers on credit; collection is due in 30 days. } \\ \text { July 13 } & \text { Performed services for customers and collected \$ 8,800 . } \\ \text { July 20 } & \text { Paid for the supplies purchased on July 5. } \\ \text { July 22 } & \text { Collected \$ 15,000 of the amounts due from customers. } \\ \text { July 30 } & \text { Received and paid the utility bill for the month of July, \$ 640 . } \\ \text { July 31 } & \text { Paid employee salaries of \$ 3,800 . } \\\end{array}$
-Refer to H&R Clock Company.Prepare a trial balance in proper format.Assume that the company had no additional accounts or balances other than those created from the July transactions.

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Definitions:

Stroke

A medical condition characterized by the sudden death of brain cells due to lack of oxygen, caused by blockage or rupture of an artery to the brain.

Blood Flow

The movement of blood through the circulatory system, supplying nutrients and oxygen to the body while removing waste products.

Brain Cells

Refers to the cells that make up the brain, including neurons that transmit nerve impulses and glial cells that support neuron function.

Cancer-Related Mortality

The number of deaths caused by cancer within a specified population or region.