Comprehensive Problem 4 (Part Level Submission) Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2019. During July, the company completed the following transactions. exchange for common stock July 1 Stockholders invested $17,000 cash in the business 1 Purchased a used truck for $11,000, paying $2,900 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $2,376 on a 1-year insurance policy, effective July 1 12 Billed customers $4,000 for cleaning services. 18 Paid $1,200 of amount owed on truck, and $270 of amount owed on cleaning supplies. Paid $1,600 for employee salaries. 20 Collected $1,600 from customers billed on July 12. 21 25 Billed customers $1,700 for cleaning services. 31 Paid gasoline for the month on the truck, $300. 31 Declared and paid a $600 cash dividend. The chart of accounts for Kristin's Maids Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation- Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in order presented the problem.) Credit Date Account Titles and Explanation Debit (To record cash invested in the business.) (To record purchase of truck.) (To record gasoline expense.) (To record gasoline expense.) (To record dividend.) Post the July transactions. (Post entries in the order of journal entries presented above.) Cash No. 101 Explanation Ref Debit Credit Balance Date J1 J1 11 11 11 11 11 J1 J1 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance ]1 11 J1 Supplies No. 126 Ref Debit Balance Date Explanation Credit J1 Prepaid Insurance No. 130 Debit Ref Credit Balance Date Explanation J1 Equipment No.157 Explanation Balance Date Ref Debit Credit J1 Accounts Payable No.201 Evnlansnn Def Debit Credit -lance Accounts Payable No. 201 Explanation Ref Debit Credit Balance Date 11 11 J1 Common Stock No. 311 Date Explanation Ref Debit Credit Balance J1 Dividends No.332 Balance Date Explanation Ref Debit Credit Service Revenue No. 400 Credit Balance Date Explanation Ref Debit J1 J1 Gasoline Expense No. 633 Date Explanation Ref Debit Credit Balance Gasoline Expense No. 633 Explanation Credit Balance Date Ref Debit Salaries and Wages Expense No.726 Explanation Debit Credit Balance Date Ref 11 Open Show Work Click if you would like to Show Work for this question: SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 0 of 15 used