Comprehensive Accounting Cycle Review 4-1 Mike Greenberg opened Bridgeport Window Washing Inc. on July 1, 2017. During July, the following transactions were completed July 1 Issued 9,600 shares of common stock for $9,600 cash. 1 Purchased used truck for $6,400, paying $1,600 cash and the balance on account 3 Purchased cleaning supplies for $720 on account. 5 Paid $1,440 cash on a 1-year insurance policy effective July 1 12 Billed customers $2,960 for cleaning services performed. 18 Paid $800 cash on amount owed on truck and $400 on amount owed on cleaning supplies. 20 Paid $1,600 cash for employee salaries 21 Collected $1,280 cash from customers billed on July 12. 25 Billed customers $2,000 for cleaning services performed 31 Paid $230 for maintenance of the truck during month. 31 Declared and paid $480 cash dividend. The chart of accounts for Bridgeport 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 O for the amounts.) Date Account Titles and Explanation Debit Credit July 1 Cash 9,600