4 Joshua Sand opened Sunshine Cleaning Service on August 1, 2018. During August, the company completed the following transactions: 5 6 Aug 1 Owner Joshua Sand invested $40,000 cash and $6,800 of cleaning equipment in the business. 7 1 Purchased a used truck for $12,000, paying $3,000 cash and the balance on account 8 3. Purchased cleaning supplies for $1,475 on account, 9 5 Paid $1,800 on a one-year insurance policy, effective August 1. 10 12 Billed customers $5,982 for cleaning services. 11 18 Paid $1,500 of amount owed on truck. 12 19 Paid $475 of amount owed for cleaning supplies. 13 20 Paid $1,025 for employee salaries. 14 21 Collected $4,225 from customers billed on August 12. 15 25 Billed customers $4,075 for cleaning services, 16 31 Pald gasoline for the month on the truck, $215. 17 31 Owner Joshua Sand withdrew $1,100 for personal use. 18 19 20 Adjustments: 21 Aug 31 Eamod but unblod foos at August 31 were $2,875. 22 Depreciation on truck for the month was $250. 23 One-twelfth of the insurance expired. 24 An inventory count shows $625 of cleaning supplies on hand at August 31. 25 Accrued but unpaid employee salaries were $695. 26 27 28 90 JOURNAL Description Page 1 Credit Date Post. Rat Debit 5 7 B 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 20 30 GENERAL LEDGER 3 Account Car Account No 101 Post Ref Balance Date item Debit Credit Debu Credit 7 8 10 11 12 13 14 17 1 10 Acorn Accu Receivable 20 20 Date Account No 112 POU Davance Dab 24 25 24 20 30 Account Cleaning Supplies Account No. 128 Balance Date tam Pout Ref Dobil Credit Dabi Crede Account No. 128 0 Account: Cleaning Supplies 1 Balance 2 :3 Post. Ref. Credit Date Debit Item Debit Credit 54 35 36 Account No. 130 37 38 39 Account: Prepaid Insurance 40 41 42 Date Item Balance Post. Ref. Debit Credit Debit Credit 43 44 45 Account No. 150 46 47 48 Account: Cleaning Equipment 49 50 Post. 51 Date Item Ref. 52 Balance Debit Credit Debit Credit 53 54 55 56 57 GENERAL LEDGER Account: Truck Account No. 157 Post. Ref. Balance Date Item Debit Credit Debit Credit Account: Accumulated Depreciation - Truck Account No. 158 Balance Post Ref. Date Item Debit Credit Debit Credit Account Accounts Payable Account No. 201 Balance Date Post Ref. Item Debit Credit Debit Credit 3 5 8 7 8 Account: Salaries Payable 9 Account No. 212 Balance Post Ref. Date Item Debit Credit Debit Credit och NO 53 34 35 Account: Joshua Sand, Capital 36 37 Post Account No. 311 Balance Account No. 311 5 Account: Joshua Sand, Capital 3 7 Post. 3 Date Item Ref. Balance Debit Credit Debit Credit 3 1 2. 3 4 5 6 7 Account: Joshua Sand, Withdrawals 8 9 Post. 0 Date Item Ref. 1 Account No. 332 Balance Debit Credit Debit Credit CON 4 -5 6 7 59 GENERAL LEDGER Account: Income Summary Account No. 350 Post. Ref: Balance Date Item Debit Credit Debit Credit Account: Cleaning Revenue Account No. 400 Post Ref. Balance Date Item Debit Credit Debit Credit 1 2 3 25 26 27 28 Account: Gasoline Expense 29 30 31 Date Item Accosta No. 633 Post. Ref. Balance Debit Credit Debit Credit -32 33 34 35 36 Account: Gasoline Expense Account No. 633 Balance Post. Ref. Date Item Debit Credit Debit Credit Account: Cleaning Supplies Expense Account No. 634 Balance Post Re Date Item Cre Debi Credit 3 Account No. 711 1 5 6 Account: Depreciation Expense 7 8 Post. .9 Date Item Ref Balance Debit Credit Debit Credit 50 51 52 53 54 55 56 GENERAL LEDGER Account: Insurance Expense Account No. 722 2 3 4 5 6 7 Balance Post Ref. Date Item Debit Credit Debit Credit 8 10 NONSEGUENDE VOORWN Account No. 726 11 12 13 Account: Salaries Expense 14 15 16 Date Item 17 Balance Post. Ref. Debit Credit Debit Credit 18 19 20 22 23 24 Trial Balance Account Debit Balance Credit Balance 3 4 55 7 8 9 0 -2 -3 ON - JOURNAL Description Page J2 Credit Post. Ref Debit Date D 1 2 23 25 27 28 29 30 31 Adjusted Trial Balance Debit Balance Credit Balance Account Income Statement 1 2 3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Statement of Owners Equity 3 9 0 1 2 23 24 25 Balance Sheet Assets 0 1 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 JOURNAL Description Page 3 Credit Date Post. Ref. Debit 2 3 4 5 5 27 28 29 30 31 Post-Closing Trial Balance Account Number Debit Balance Account Credit Balance Sunshine Cleaning Service REQUIRED (a) Joumalize and post the August transactions. Use page J1 for the joumal. (b) Prepare a trial balance at August 31. (c) Joumalize and post the adjusting entries. Use page J2 for the joumal. (d) Prepare an adjusted trial balance at August 31. Prepare the Income Statement and Statement of Owners Equity for August Prepare a classified Balance Sheet at August 31, 2018 Joumalize and lost the closing entries. Use page J3 for the joumal. 2 (n) Prepare a post-closing trial balance at August 31. (9) 3 5 3 7 B 9 0