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Assignment 14:5(LO 1.2.1) Anya Clark opened Anya's Cleaning Servbe on July 1, 2020. During July, the following transactions were completed. Complete all steps in accounting

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Assignment 14:5(LO 1.2.1) Anya Clark opened Anya's Cleaning Servbe on July 1, 2020. During July, the following transactions were completed. Complete all steps in accounting cycle. July 1 Shareholderes invested C20,000 cash in the business in exchange for ordinary shares Purchased used track for C12,000, paying C4.000 cash and the balance an account 3 Purchased cleaning supplies for 2.100 account 5 Paid C-800 cash on a 1 year insurance policy effective July 1, 12 Billed customers 4.500 for cleaning nie 18 Pald C.500 cash on amount owed on track and C1.400 on amount owed on towed on cleaning supplies 20 Pald 800 cash for employee salaries 21 Collected 3.400 cash from customers billed on July 12. 25 Billed rustomers 6,000 for cleaning services 3a Pald Egso for the monthly gasoline ball for the track 3. Declared and paid a 5.600 cash dividend. The chart of accounts for Anya's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 113 Allowance for impairment Loss, No 126 Supplies, No 130 Prepaid Insurance, No. 157 Equipment, No 158 Accumulated Depreciation Equipment, No. 201 Accounts Payable. No 212 Salaries and Wages Payable, No 311, Share Capital --Ordinary, No. 320 Retained Earnings. No 332 Dividends, No 350 Income Summary, No. 400 Service Revenue, No 631 Sapplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense No. 736 Salaries and Wages Expense, and No. 812 Impairment Loss on Accounts Receivable. Instructions Journaline and post the July transactions. Use the T-account form of account for the ledger. b. Prepare a trial balance on July 31, 2020 Journalise and post adjusting entries with the following additional information continue using T- account ledgers from requirementa): 1. Unbilled and uncollected revenue for services performed on 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 1,000 6. It is expected that 1% of accounts receivable at the end of July will be uncollectible. 4. Prepare an adjusted trial balance on July 31, 2020, e. Prepare the income statement and a retained earnings statement for the period ended July 31. 2020, and a classified statement of financial position on July 31.2020 1. Journaline and post-dosing entries and complete the closing process continue using Taccount lodgers from requiremente) Prepare a pest-closing trial balance on July 31, 2020

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