Linda Blye opened Cardinal Window Washing Inc on July 1st2010. During July the f

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Linda Blye opened Cardinal Window Washing Inc on July 1st2010. During July the following transactions werecompleted. July 1. Issued 11,000 shares of common stock for $11,000cash. 1. Purchased used truck for $9,000, paying $2,000 cash and thebalance on account. 3. Purchased cleaning supplies for $900 on account 5. Paid $1,800 cash on 1-yr insurance policy effective July1st 12. Billed customers $3,200 for cleaning services 18. Paid $1,000 cash on amount owed on truck and $500 onamount owed on cleaning supplies 20. Paid $2,000 cash for employee salaries 21. Collected $1,400 cash from customers billed on July12th 25. Billed customers $2,500 for cleaning services 31. Paid $260 for gas and oil used in the truck duringmonth 31. Declared and paid $600 cash dividend Chart of Accounts:Cash, Accounts Receviable,cleaningsupplies,prepaid insurance,equpiment,accumulateddepreciation-equpiment, accounts payable,salaries payabe,commonstock,retained earnings,dividends,income summary,service revenue,gas&oil expense, cleaning supplies expense,depreciationexpense,insurance expense,salaries expense. INSTRUCTIONS. 1) Journalize the july transactions 2) Post to the ledger accounts ( Use T Accounts) 3)Prepare trial balance at July 31st 4)Journalize 1)services provided but unbilled and uncollectedat July 31st were $1,700                    2)depreciationon equipment for the month was $250                   3) one-twelfth of the insurance expired                   4)an inventory count shows $360 of cleaning supplies on hand atJuly 31st                   5)accrued but unpaid employee salaries were $400 5) Post adjusting entries to the T Account 6) Prepare an adjusted trial balance 7) Prepare the income statement and a retained earningsstatement for July and a classified balance sheet at july31st 8) journalize and post closing entries and complete theclosing process 9) Prepare a post-closing trial balance at July 31st Linda Blye opened Cardinal Window Washing Inc on July 1st2010. During July the following transactions werecompleted. July 1. Issued 11,000 shares of common stock for $11,000cash. 1. Purchased used truck for $9,000, paying $2,000 cash and thebalance on account. 3. Purchased cleaning supplies for $900 on account 5. Paid $1,800 cash on 1-yr insurance policy effective July1st 12. Billed customers $3,200 for cleaning services 18. Paid $1,000 cash on amount owed on truck and $500 onamount owed on cleaning supplies 20. Paid $2,000 cash for employee salaries 21. Collected $1,400 cash from customers billed on July12th 25. Billed customers $2,500 for cleaning services 31. Paid $260 for gas and oil used in the truck duringmonth 31. Declared and paid $600 cash dividend Chart of Accounts:Cash, Accounts Receviable,cleaningsupplies,prepaid insurance,equpiment,accumulateddepreciation-equpiment, accounts payable,salaries payabe,commonstock,retained earnings,dividends,income summary,service revenue,gas&oil expense, cleaning supplies expense,depreciationexpense,insurance expense,salaries expense. INSTRUCTIONS. 1) Journalize the july transactions 2) Post to the ledger accounts ( Use T Accounts) 3)Prepare trial balance at July 31st 4)Journalize 1)services provided but unbilled and uncollectedat July 31st were $1,700                    2)depreciationon equipment for the month was $250                   3) one-twelfth of the insurance expired                   4)an inventory count shows $360 of cleaning supplies on hand atJuly 31st                   5)accrued but unpaid employee salaries were $400 5) Post adjusting entries to the T Account 6) Prepare an adjusted trial balance 7) Prepare the income statement and a retained earningsstatement for July and a classified balance sheet at july31st 8) journalize and post closing entries and complete theclosing process 9) Prepare a post-closing trial balance at July 31st 1) Journalize the july transactions 2) Post to the ledger accounts ( Use T Accounts) 3)Prepare trial balance at July 31st 4)Journalize 1)services provided but unbilled and uncollectedat July 31st were $1,700                    2)depreciationon equipment for the month was $250                   3) one-twelfth of the insurance expired                   4)an inventory count shows $360 of cleaning supplies on hand atJuly 31st                   5)accrued but unpaid employee salaries were $400 5) Post adjusting entries to the T Account 6) Prepare an adjusted trial balance 7) Prepare the income statement and a retained earningsstatement for July and a classified balance sheet at july31st 8) journalize and post closing entries and complete theclosing process 9) Prepare a post-closing trial balance at July 31st

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