July 1 Issued 12,000 shares of common stock for $12,000 cash. 1 Purchased used truck for...

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July 1 Issued 12,000 shares of common stock for $12,000 cash. 1 Purchased used truck for $8,000, paying $2,000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries. 5 12 Billed customers $3,700 for cleaning services performed. Paid $1,800 cash on a 1-year insurance policy effective July 1. 18 20 21 25 31 31 Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed. Paid $290 for maintenance of the truck during month. Declared and paid $600 cash dividend. The chart of accounts for Kleene Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insur- ance Expense, and Salaries and Wages Expense. 1. Services performed but unbilled and uncollected at July 31 were $1 2. Depreciation on equipment for the month was $180. 3. One-twelfth of the insurance expired. 4. A count shows $320 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $400. 21,500 g. Prepare the income statement and a retained earnings statement for July and a classified balance sheet at July 31. h. Journalize and post closing entries and complete the closing process. i. Prepare a post-closing trial balance at July 31. July 1 Issued 12,000 shares of common stock for $12,000 cash. 1 Purchased used truck for $8,000, paying $2,000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries. 5 12 Billed customers $3,700 for cleaning services performed. Paid $1,800 cash on a 1-year insurance policy effective July 1. 18 20 21 25 31 31 Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed. Paid $290 for maintenance of the truck during month. Declared and paid $600 cash dividend. The chart of accounts for Kleene Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insur- ance Expense, and Salaries and Wages Expense. 1. Services performed but unbilled and uncollected at July 31 were $1 2. Depreciation on equipment for the month was $180. 3. One-twelfth of the insurance expired. 4. A count shows $320 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $400. 21,500 g. Prepare the income statement and a retained earnings statement for July and a classified balance sheet at July 31. h. Journalize and post closing entries and complete the closing process. i. Prepare a post-closing trial balance at July 31.