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.

---

Definitions:

Low-Pitched

Sounds that have a low frequency and often are perceived as deep or mellow.

Hypoactive Bowel Sounds

Reduced intestinal activity leading to diminished sounds on auscultation, indicative of decreased gastrointestinal motility.

Bowel Resection

A surgical procedure to remove part of the intestine.

Fecal Occult Blood

A test used to detect hidden (occult) blood in the stool, which can be an early sign of colon cancer or other digestive system disorders.