Assignment Problem -
Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed.
July
1 Issued 16,947 shares of common stock for $16,947 cash.
1 Purchased used truck for $12,947, paying $2,028 cash and the balance on account.
3 Purchased cleaning supplies for $944 on account.
5 Paid $2,040 cash on a 1-year insurance policy effective July 1.
12 Billed customers $4,870 for cleaning services.
18 Paid $1,149 cash on amount owed on truck and $548 on amount owed on cleaning supplies.
20 Paid $2,223 cash for employee salaries.
21 Collected $1,658 cash from customers billed on July 12.
25 Billed customers $2,674 for cleaning services.
31 Paid $373 for maintenance of the truck during month.
31 Declared and paid $634 cash dividend.
Journalize the July transactions.
Prepare a trial balance at July 31.
Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
(1) Services performed but unbilled and uncollected at July 31 were $1,849.
(2) Depreciation on equipment for the month was $186.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $320 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $408.
Prepare a retained earnings statement for July.
Prepare a classified balance sheet at July 31.
Post closing entries and complete the closing process.
Prepare a post-closing trial balance at July 31.
Attachment:- Assignment File.rar