July 1. Issued 11000 shares of common stock for $11000cash. 1. Purchased used truck for $9000 paying $2000 cash and thebalance on account. 3. Purchased cleaning supplies for $900 on account 5. Paid $1800 cash on 1-yr insurance policy effective July1st 12. Billed customers $3200 for cleaning services 18. Paid $1000 cash on amount owed on truck and $500 onamount owed on cleaning supplies 20. Paid $2000 cash for employee salaries 21. Collected $1400 cash from customers billed on July12th 25. Billed customers $2500 for cleaning services 31. Paid $260 for gas and oil used in the truck duringmonth 31. Declared and paid $600 cash dividend Chart of Accounts:Cash Accounts Receviablecleaningsuppliesprepaid insuranceequpimentaccumulateddepreciation-equpiment accounts payablesalaries
payabecommonstockretained earningsdividendsincome summaryservice revenuegas&oil expense cleaning supplies expensedepreciationexpenseinsurance
expensesalaries expense. INSTRUCTIONS.
1) Journalize the july transactions 2) Post to the ledger accounts ( Use T Accounts) 3)Prepare trial balance at July 31st 4)Journalize 1)services provided but unbilled and uncollectedat July 31st were $1700 2)depreciationon equipment for the month was $250 3) one-twelfth of the insurance expired 4)an inventory count shows $360 of cleaning supplies on hand atJuly 31st 5)accrued but unpaid employee salaries were $400 5) Post adjusting entries to the T Account 6) Prepare an adjusted trial balance 7) Prepare the income statement and a retained earningsstatement for July and a classified balance sheet at july31st 8) journalize and post closing entries and complete theclosing process 9) Prepare a post-closing trial balance at July 31st