Adjustments:

1. Unbilled and uncollected revenue for services performed at July 31 were $2,700.

2. Depreciation on equipment for the month was $500.

3. One-twelfth of the insurance expired

4. An inventory count shows $600 of cleaning supplies on hand at July 31.

5. Accrued but unpaid employee salaries were $1000

Journalize and post closing entries and complete the closing process

Prepare a post-closing trial balance at July 31

P4-5A Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 1 3 5 12 18 Anya invested $20,000 cash in the business. Purchased used truck for $12,000, paying $4,000 cash and the balance on account. Purchased cleaning supplies for $2,100 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,500 for cleaning services. Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. Paid $2,800 cash for employee salaries. Collected $3,400 cash from customers billed on July 12. Billed customers $6,000 for cleaning services. Paid $350 for the monthly gasoline bill for the truck. Withdraw $5,600 cash for personal use. 20 21 25 31 31