For the past several years, Jolene Upton has operated a part-time consulting business from her home. As of July 1, 2019, Jolene decided to move to rented quarters and to op erate the business, which was to be known as Gourmet Consulting, on a full-time basis. Gourmet Consulting entered into the following transactions during July: July

1. The following assets were received from Jolene Upton: cash, $19,0003; accounts receivable, $22,300; supplies, $3,800; and office equipment, $8,900. There were no liabilities received.
1. Paid three months' rent on a lease rental contract, $6,000. annual
2. Paid the premiums on property and casualty insurance policies, $4,500.
4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $8,000.
5. Purchased additional office equipment on account from Office Necessities Co., $5,100.
6. Received cash from clients on account, $12,750.
10. Paid cash for a newspaper advertisement, $500.
12. Paid Office Necessities Co. for part of the debt incurred on July 5, $3,000.
12. Provided services on account for the period July 1–12, $14,200.
14. Paid receptionist for two weeks’ salary, $1,500.

Jul.
17 Received cash from cash clients for fees earned during the period July 1–17, $10,400.
18 Paid cash for supplies, $1,000.
20 Provided services on account for the period July 13–20, $9,000.
24 Received cash from cash clients for fees earned for the period July 17–24, $8,500.
26 Received cash from clients on account, $12,000.
27 Paid receptionist for two weeks’ salary, $1,500.
29 Paid telephone bill for July, $325.
31 Paid electricity bill for July, $675.
31 Received cash from cash clients for fees earned for the period July 25–31, $7,100.
31 Provided services on account for the remainder of July, $5,500.
31 Jolene withdrew $20,000 for personal use.

Required:
a. Journalize each transaction.
b. Post the July transactions.