Accounting Cycla Reviow 4-1 (Part Level Submission) Mike Greenberg opened Pina Window Washing Inc. on July 1, 2017, During July, the following transactions were completed. July Issued 11.500 sheres of common stock for $11.500 cash. 1 Purchased used truck for $7.690, paying $1,920 cash and the balance on account. 3 Purchased cleaning supplies for $860 on sccount 5 Paid $1,680 cash on a i-year insurance policy affactive July 1. 12 Billed custom 43,550 for cleaning services performed. 18 Paid $960 cash on amount owad on truck and $480 on amount owed on claaning supplias 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 Declered nd peid 5580 cash dividend. The chart of accounts for Pina Window Washing contains the following accounsi Cash, Accouns Receivable, Supplies, Prepaid Insurance, Equipment Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Waacs Payable, Common Stock, Retained Earnings, Oividends. Income Summary, Service Revenue. Maintenance and Repairs Expense. Supplies Expense. Deprecistion Expense, Insurance Expense, and Selaries and Wages Expense (a) Date Account Trtles and Explanation July 1 11500 Common Stock 11500 July 1 7680 Cash Accounts Payable July 3 Accounts Payable uly 5 nsurance July 12 Receivable Service RevenuE uly 18 Payable Cash uly 20 s and Wages Expense Cash uly 21 Accounts Receivable July 25 Receivable Service RevenuE uly 31 Maintenance and Repairs Expense Cash uly 31 Cash Your answer is correct. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash 11,5007/1 1,920 7/21 1,680 7/18 1440 1,920 7/31 280 7/31 580 7/31 Bal. 5220 Accounts Receivable 7/12 3,550 7/21 1,540 7/25 2,400 7/31 Ba 4410 Supplies 7/3 7/31 Bal. Prepaid Insurance 1,680 7/31 Bal. Equipment 7,680 7/31 Bal. 7,680 Accounts Payable 7/18 14407/1 5760 7/3 860 7/31 Ba 5180 Common Stock 11,500 7/31 Ba 11,500 Dividends 7/31 7/31 Bal. Service Revenue 7/12 7/25 Maintenance and Repairs Expense 7/31 7/31 Bal. Salaries and Wages Expense 1,920 7/31 Bal. 1,920 Your answer is correct. Prepare a trial balance at July 31 PINA WINDOW WASHING INC. Trial Balance July 31, 2017 Debit Credit Cash 5220 Supplies Prepaid Insurance 1680 Accounts Receivable 441 Accounts Payable 5180 Equipment 7,68 Service Revenue 5950 Common Stock 11500 Maintenance and Repairs Expense 280 Salaries and Wages Expense 1,920 Dividends 58 Totals 22630 22630 Your answer is partially corract. Try again Journalizc the following adjustments. (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 O for the ammounts.) (1) Services performed but unbilled and uncollected at July 31 were $1,630 (2) Depreciation on equipment for the month was $170. (3) One-twelfth of the insurance expired (4) A count shons $310 of daningsupplis on hand at July 31 (3) Acerued but unpaid employee saleries were 380. Sr. Dat Account Titles and Explanation Debit Cradit July 31 Accounts Payable July 31 Expense Equipment uly 31 Prepaid Insurance Insurence Expense July 31Supplies Expense 550 5) July 31 Retained Earnings 380 Salaries and Wages Payable Post adjusting entries to the T-sccounts. Cash 11,500 7/1 1,5407/5 7/21 1,680 7/18 7/20 7/31 7/31 1,920 280 7/31 Bal. 5,220 7/12 3,550 7/21 7/25 Supplies 7/3 Prepaid Insurance 7/5 1,680 Equipment 7,680 7,680 7/31 Bal. Accumulated Depreciation-Equipment Accounts Payable 7/18 1,440 7/1 5,760 731 Bal 5,180 Salaries and Wages Payable Common Stock 11,500 7/31 Bal. 11,500 Dividends ) Service Revenue 7/12 3,550 7/25 2,400 Maintenance and Repairs Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 7/20 1,920