04: Homework Question 4 of 4 0.36/1 Current Attempt in Progress 1 3 5 Mike Greenberg opened Pina Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 11,500 shares of common stock for $11,500 cash. Purchased used truck for $7,680, paying $1.920 cash and the balance on account. 3 Purchased cleaning supplies for $860 on account Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,550 for cleaning services performed. Paid $960 cash on amount owed on truck and $480 on amount owed on cleaning supplies. 20 Paid $1,920 cash for employee salaries. 21 Collected $1,540 cash from customers billed on July 12. 25 Billed customers $2,400 for cleaning services performed, 31 Paid $280 for maintenance of the truck during month. 31 Declared and paid $580 cash dividend. 18 (e) Post adjusting entries to the T-accounts. Cash 7/1 7/21 11,500 7/1 1,540 7/5 7/18 7/20 7/31 7/31 5,220 1,920 1,680 1,440 1.920 280 580 7/31 Bal. Accounts Receivable 7/12 3,550 7/21 1,540 04: Homework Question 4 of 4 0.36/1 Current Attempt in Progress 1 3 5 Mike Greenberg opened Pina Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 11,500 shares of common stock for $11,500 cash. Purchased used truck for $7,680, paying $1.920 cash and the balance on account. 3 Purchased cleaning supplies for $860 on account Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,550 for cleaning services performed. Paid $960 cash on amount owed on truck and $480 on amount owed on cleaning supplies. 20 Paid $1,920 cash for employee salaries. 21 Collected $1,540 cash from customers billed on July 12. 25 Billed customers $2,400 for cleaning services performed, 31 Paid $280 for maintenance of the truck during month. 31 Declared and paid $580 cash dividend. 18 (e) Post adjusting entries to the T-accounts. Cash 7/1 7/21 11,500 7/1 1,540 7/5 7/18 7/20 7/31 7/31 5,220 1,920 1,680 1,440 1.920 280 580 7/31 Bal. Accounts Receivable 7/12 3,550 7/21 1,540