a. Prepare an analysis of each error showing (1) the incorrect entry, (2) the correct entry, and (3) the correcting entry. Items 4 and 5 occurred on April 30, 2020. 222/859 . Prepare a correct trial balance. b. Trial balance 22,890 Comprehensive Accounting Cycle Review ACR4.1 Jaden Li opened Kleene Window Washing on July 1, 2020. During July, the following transac- tions were completed. Complete all steps in accounting cycle. 4-52 CHAPTER 4 Completing the Accounting Cycle July 1 Shareholders invested NT$12,000 cash in the business in exchange for ordinary shares. 1 Purchased used truck for NT$8,000, paying NT$2,000 cash and the balance on account. 3 Purchased cleaning supplies for NT$900 on account. 5 Paid NT$1.800 cash on a 1-year insurance policy effective July 1. 12 Billed customers NT$3,700 for cleaning services performed. 18 Paid NTS1,000 cash on amount owed on truck and NT$500 on amount owed on cleaning supplies 20 Paid NT$2.000 cash for employee salaries. 21 Collected NT$1.600 cash from customers billed on July 12. 25 Billed customers NT$2,500 for cleaning services performed. 31 Paid NT$290 for maintenance of the truck during month. 31 Declared and paid a NT$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. Ac- counts Payable, Salaries and Wages Payable, Share Capital-Ordinary, Retained Earnings, Dividends. Income Summary, Service Revenue. Maintenance and Repairs Expense, Supplies Expense, Deprecia- tion 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 NT$1,700. 2. Depreciation on equipment for the month was NT$180. 3. One-twelfth of the insurance expired. 4. A count shows NT$320 of cleaning supplies on hand at July 31, Accrued but unpaid employee salaries were NT$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 statement of financial position at July 31. h. Journalize and post closing entries and complete the closing process. i. Prepare a post-closing trial balance at July 31. f. Cash NT$5,410 g. Tot. assets NT$21,500