Comprehensive Assignment Part I (24 points) - Due October 10th This assignment must be completed manually (i.e., you must submit the electronic copy of handwritten answers). You can work on the assignment in groups, but the work must be submitted individually. Keep this work for the next parts of the assignment. Shana Cameron opened Sparkly Cleaners on July 1, 2022. During July, the following transactions were completed. July 1 Issued 8,000 shares of common stock for $12,000 cash. 1 Borrowed $4,800 cash by signing a 6-month, 6%, $4,800 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $6,400 cash. 2 Purchased cleaning supplies for $1,600 on account. 2 Paid $1,800 cash on a 6-month insurance policy effective July 1. 2 Paid $1,200 cash to cover rent from July 1 through September 30. 10 Billed customers $2,960 for cleaning services performed. 18 Paid $400 on amount owed on cleaning supplies. 20 Paid $1,400 cash for employee salaries. 21 Collected $1,280 cash from customers billed on July 10. 28 Billed customers $3,360 for cleaning services performed. 31 Paid $280 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $720 cash dividend. The chart of accounts for Sparkly Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation - Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense. Not all of the accounts will be used in Part I. 1. Journalize the July transactions. (13 points) 2. Post to the ledger accounts. (6 points) 3. Prepare a trial balance at July 31. (5 points) *Note: You do not have to make adjusting entries here. For Part I, you can simply apply what we learned in Chapter 3