1	Invested personal money of $14,000 into the new company bank account
1	Purchased a used van for $10,000, paying $3,000 cash and the balance on account
3	Purchased cleaning supplies for $800 on account.
5	Paid $1,800 on a one-year insurance policy, effective July 1.
12	Billed customer $3,800 for cleaning services.
18	Paid $1,000 of the amount owed on the van, and $400 of the amount owed on cleaning supplies.
20	Paid $1,600 for employee salaries.
21	collected $1,400 from customers billed on July 12.
25	Billed customers $1,500 for cleaning services.
31	Paid gas and oil for the month on the van, $400
31	Paid herself $600 for personal use.
(a)	Journalize the above entries for July. Use page J1 for the journal.
(b)	Post the entries to the ledger accounts
c)	Prepare a trial balance at July 31 on a worksheet
(d)	Enter the following adustments on the worksheet, and complete the worksheet.
	1. Earned but unbilled fees at July 31 were $1,300
	2. Depreciation on equipment for the month was $200
	3. One month of the insurance expired.
	4. An inventory count shows $100 of cleaning supplies on hand at July 31.
	5. Accrued but unpaid employee salaries were $500
(e)	Prepare the income statement and a statement of owner's equity for July
(f)	Prepare a classified balance sheet for July 31, 2014
(g)	Journalize and post the adjusting entries. Use page J2 for the journal.
(h)	Journalize and post the closing entries, and complete the closing process. Use page J3 for the journal.
(i)	Prepare a post-closing trial balance at July 31.

Journalize Adjusting and Closing Entries

For Barbara's Cleaning Service, a) Use General Journal J2 to journalize and post adjusting entries, and b) Use General Journal J3 to journalize and post closing entries.

GENERAL JOURNAL

J2

DATE

ACCOUNT TITLE AND EXPLANATION

REF.

DEBIT

CREDIT

GENERAL JOURNAL

J3

DATE

ACCOUNT TITLE AND EXPLANATION

REF.

DEBIT

CREDIT