Accounting Cvcle Review 4-1 a-f, 91-93,. h1h2, I Mike Greenberg opened Kleene Window Washing Inc. on Jul'iir 1, 2019. During Julv, the Following transactions Iwere completed. July:r 1 Issued 11,200 shares of common stock for $11,200 cash. 1 Purchased used truck For $2,300, paving $2,100 cash and the balance on account. 3 Purchased cleaning supplies for $1,000 on account. 5 Paid $1,630 cash on a 1-vear insurance policv effective July:r 1. 12 Billed customers $3,900 for cleaning services performed. 18 Paid $1,100 cash on amount owed on truck and $600 on amount owed on cleaning supplies. 20 Paid $1,000 cash for emplovee salaries. 21 Collected $1,200 cash from customers billed on July 12. 25 Billed customers $2,200 for cleaning services performed. 31 Paid $320 for maintenance of the truck during month. 31 Declared and paid $?00 cash dividend. The chart of accounts for Kleene Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, Accounts Pavable, Salaries and Wages Pavable, Common Stock, Retained Earnings, Dividends, Income Summarv, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. KLEENE WINDOW WASHING INC. Balance Sheet Assets v Liabilities and Stockholders' Equity\fJournalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income to retained earnings)\fPost closing entries and complete the closing process. (Post entries in the order of journal entries presented in the previous part. If ending balance is zero please enter on normal balance side.) Cash 7/1 11,200 7/1 2,100 7/21 1,700 7/5 1,680 7/18 1,700 7/20 1,800 7/31 320 7/31 700 7/31 Bal. 4,600 Accounts Receivable 7/12 3,900 7/21 1,700 7/25 2,700 7/31 1,700 7/31 Bal. 6,600 Supplies 7/3 1,000 7/31 710 7/31 Bal. 290 Prepaid Insurance 7/5 1,680 7/31 140 7/31 Bal. 1,540 Equipment 7/1 7,300Accounting Cycle Review 4-1 a-f, g1-93, h1-h2, I Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2019. During July, the following transactions were completed. July 1 Issued 11,200 shares of common stock for $11,200 cash. 1 Purchased used truck for $7,300, paying $2,100 cash and the balance on account. 3 Purchased cleaning supplies for $1,000 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,900 for cleaning services performed. 18 Paid $1,100 cash on amount owed on truck and $600 on amount owed on cleaning supplies. 20 Paid $1,800 cash for employee salaries. 21 Collected $1,700 cash from customers billed on July 12. 25 Billed customers $2,700 for cleaning services performed. 31 Paid $320 for maintenance of the truck during month. 31 Declared and paid $700 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. Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)