Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2025. During July, the following transactions were completed.

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.

5 Paid \(\$ 1,800\) cash on a 1 -year insurance policy effective July 1.

12 Billed customers \(\$ 3,700\) for cleaning services performed.

18 Paid \(\$ 1,000\) cash on amount owed on truck and \(\$ 500\) on amount owed on cleaning supplies.

20 Paid \(\$ 2,000\) cash for employee salaries.

21 Collected \(\$ 1,600\) cash from customers billed on July 12.

25 Billed customers \(\$ 2,500\) for cleaning services performed.

31 Paid \(\$ 290\) for maintenance of the truck during month.

31 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, Insurance Expense, and Salaries and Wages Expense.

Instructions

a. Journalize the July transactions.

b. Post to the ledger accounts. (Use T-accounts.)

c. Prepare a trial balance at July 31 .

d. Journalize the following adjustments.

1. Services performed but unbilled and uncollected at July 31 were \(\$ 1,700\).

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 \(\$ 400\).

e. Post adjusting entries to the T-accounts.

f. Prepare an adjusted trial balance.

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 .