Question: Problem 4 . 5 a - g Sunland Clark opened Sunland s Cleaning Service on July 1 , 2 0 2 2 . During July,
Problem ag
Sunland Clark opened Sunlands Cleaning Service on July During July, the following transactions were completed.
Jul Sunland invested $ cash in the business.
Purchased used truck for $ paying $ cash and the balance on account.
Purchased cleaning supplies for $ on account.
Paid $ cash on a year insurance policy effective July
Billed customers $ for cleaning services.
Paid $ cash on amount owed on truck and $ on amount owed on cleaning supplies.
Paid $ cash for employee salaries.
Collected $ cash from customers billed on July
Billed customers $ for cleaning services.
Paid $ for the monthly gasoline bill for the truck.
Withdraw $ cash for personal use.
a
Journalize the July transactions.
a
Post the July transactions.
b and c
Prepare a trial balance at July on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet.
Unbilled and uncollected revenue for services performed at July were $
Depreciation on equipment for the month was $
Onetwelfth of the insurance expired.
An inventory count shows $ of cleaning supplies on hand at July
Accrued but unpaid employee salaries were $
d
Prepare the income statement for July.
d
Prepare the owners equity statement for July.
d
Prepare a classified balance sheet at July
e
Journalize adjusting entries.
e
Post adjusting entries.
f
Journalize closing entries and complete the closing process.
f
Post closing entries.
g
Prepare a postclosing trial balance at July
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