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Comprehensive Problem 4 Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions. July1Stockholders invested $17,000

Comprehensive Problem 4

Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions.

July1Stockholders invested $17,000 cash in the business in exchange for common stock.1Purchased a used truck for $11,000, paying $2,800 cash and the balance on account.3Purchased cleaning supplies for $800 on account.5Paid $2,136 on a 1-year insurance policy, effective July 1.12Billed customers $4,000 for cleaning services.18Paid $1,300 of amount owed on truck, and $220 of amount owed on cleaning supplies.20Paid $1,500 for employee salaries.21Collected $1,700 from customers billed on July 12.25Billed customers $1,600 for cleaning services.31Paid gasoline for the month on the truck, $400.31Declared and paid a $500 cash dividend.

The chart of accounts for Kristin's Maids Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated DepreciationEquipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, 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.

Journalize the July transactions.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record cash invested in the business.)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record purchase of truck.)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record gasoline expense.)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record dividend.)

Postthe July transactions.(Post entries in the order of journal entries presented above.)

Cash

No. 101

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Accounts Receivable

No. 112

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Supplies

No. 126

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Prepaid Insurance

No. 130

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Equipment

No. 157

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Accounts Payable

No. 201

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Common Stock

No. 311

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Dividends

No. 332

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Service Revenue

No. 400

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Gasoline Expense

No. 633

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

Salaries and Wages Expense

No. 726

Date

Explanation

Ref

Debit

Credit

Balance

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

J1

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