Ali Hasan opened Ali$$s Cleaning Service on July $1$st$,2020.$ During July, the following transactions were completed.

July

$1$

Ali invested BD $20,000$ cash in the business

$1$

Purchased used truck for BD $12,000,$ paying BD $4,000$ cash and the balance on account.

$3$

Purchased cleaning supplies on account for BD $2,100$

$5$

Paid BD $1,800$ cash on a $1-$year insurance policy effective July $1$st$.$

$12$

Billed customers BD $4,500$ for cleaning services

$18$

Paid BD $1,500$ cash on amount owed on truck and BD $1,400$ on amount owed on cleaning supplies

$20$

Paid BD $2,800$ cash for employee salaries

$21$

Collected BD $3,400$ cash from customers billed on July $12$th

$25$

Billed customers BD $6,000$ for cleaning services

$31$

Paid BD $350$ for the monthly gasoline bill for the truck

$31$

Withdrew BD $5,600$ cash for personal use.

Ali Hasan Co$.$ uses the following chart of accounts:

No$.101$ Cash, No$.112$ Account Receivable, No$.126$ Supplies, No$.130$ Prepaid Insurance, Np$.157$ Equipment, No$.158$ Accumulated depreciation $$ equipment, No$.201$ Account Payable, No$.212$ Salaries and wages payable, No$.301$ Owner$$s Capital, No$.306$ Owner$$s Drawings, No$.350$ Income Summary, No$.400$ Service Revenue, No$.631$ Supplies expense, No$.633$ Gasoline expense, No $711$ Depreciation expense, No$.722$ Insurance Expense, and No $726$ Salaries and Wages expense.

Questions:

Journalize and post July transactions. Use page J$1$ for the journal entry. Fill the reference number corresponding to account tittles. $(10$ marks$)$

Prepare a trial balance at July $31$st on a worksheet $($trial balance, adjusted trial balance, income statement, and balance sheet$)(10$ marks$)$

Enter the following adjustments on the worksheet and complete the worksheet $(5$ marks$)$

Unbilled and collected revenue for services performed at July $31$ were BD $2,700$

Depreciation on equipment for the month was BD $500$

One$-$twelfth of the insurance expired

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

Accrued but unpaid employee salaries were BD $1,000$