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Comprehensive Problem 4 Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions. July 1 Stockholders invested $17,000 cash in the business in exchange for common stock. 1 Purchased a used truck for $10,000, paying $2,500 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $2,232 on a 1-year insurance policy, effective July 1. 12 Billed customers $3,500 for cleaning services. 18 Paid $1,200 of amount owed on truck, and $250 of amount owed on cleaning supplies. 20 Paid $1,600 for employee salaries. 21 Collected $1,800 from customers billed on July 12. 25 Billed customers $1,600 for cleaning services. 31 Paid gasoline for the month on the truck, $300. 31 Declared and paid a $700 cash dividend