Crane Clark opened Cranes Cleaning Service on July 1, 2020. During July, the following transactions were completed.

July 1Crane invested $19,900 cash in the business.

1Purchased used truck for $8,800, paying $3,900 cash and the balance on account.

3Purchased cleaning supplies for $2,000 on account.

5Paid $1,800 cash on 1-year insurance policy effective July 1.

12Billed customers $4,500 for cleaning services.

18Paid $1,600 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies.

20Paid $2,500 cash for employee salaries.

21Collected $3,400 cash from customers billed on July 12.

25Billed customers $6,000 for cleaning services.

31Paid $350 for the monthly gasoline bill for the truck.

31Withdraw $5,600 cash for personal use.

Post closing entries. (Post entries in the order of journal entries posted above.)

(f2) Post closing entries. (Post entries in the order of journal entries posted above.) Cash Debit Explanation Credit 19.900 Date July 1 July 1 July 5 July 18 July 20 July 21 July 31 July 31 3,900 1,800 3,100 2,500 3,400 350 5,600 No. 101 Balance 19.900 16,000 14,200 11.100 8,600 12,000 11,650 6,050 No. 112 Balance 4,500 1.100 7.100 9,800 No. 126 Balance 2,000 600 Credit Accounts Receivable Explanation Debit 4,500 3,400 Date July 12 July 21 July 25 July 31 6,000 2,700 Adjusting Supplies Debit Credit Explanation Date July 3 July 31 2,000 1,400 Adjusting Credit Date July 5 July 31 150 Credit Date July 1 Prepaid Insurance Explanation Debit 1,800 Adjusting Equipment Explanation Debit 8,800 Accumulated Depreciation-Equipment Explanation Debit Adjusting Accounts Payable Explanation Debit Credit Date July 31 500 No. 130 Balance 1,800 1.650 No. 157 Balance 8,800 No. 158 Balance 500 No. 201 Balance 4.900 6.900 3,800 No. 212 Balance 1,010 No. 301 Balance 19.900 Credit Date July 1 July 3 July 18 4,900 2.000 Credit Date July 31 3,100 Salaries and Wages Payable Explanation Debit Adjusting Owner's Capital Explanation Debit 1,010 Credit Date July 1 19,900 Closing Closing Explanation Owner's Drawings Debit 5,600 Date July 31 Credit No. 306 Balance 5,600 Closing Income Summary Debit No. 350 Balance Date Credit Explanation Closing Closing Closing Service Revenue Debit Explanation Credit Date July 12 July 25 July 31 4,500 6,000 2,700 No. 400 Balance 4,500 10,500 13.200 Adjusting Closing Date Explanation Gasoline Expense Debit 350 No. 633 Balance 350 Credit July 31 Closing Date July 31 Credit No. 631 Balance 1,400 No. 711 Credit Balance Date July 31 500 V Supplies Expense Explanation Debit 1.400 Closing Depreciation Expense Explanation Debit Adjusting 500 Closing Insurance Expense Explanation Debit Adjusting 150 Closing Salaries and Wages Expense Explanation Debit 2,500 Adjusting 1,010 Closing Credit Date July 31 No. 722 Balance 150 v No. 726 Credit Balance Date July 20 July 31 2,500 3,510 Date Account Titles and Explanation Debit Credit July 31 Service Revenue 13,200 Income Summary 13.200 (To close revenue account) July 31 Income Summary 5,910 Salaries and Wages Expense 3.510 Depreciation Expense 500 Gasoline Expense 350 Insurance Expense 150 1400 Supplies Expense (To close expense accounts) Income Summary 7.290 July 31 7.290 Owner's Capital (To close net income / (loss)) Owner's Capital 5,600 July 31 5,600 Owner's Drawings (To close drawings)