Current Attempt in Progress Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2022. During July, the following transactions were completed July 1 Cullumber invested $ 19,800 cash in the business 1 Purchased used truck for $ 9.100. paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $ 1.920 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $ 1.400 cash on amount owed on truck and $ 1.400 on amount owed on cleaning supplies. 20 Paid $ 2,500 cash for employee salaries 21 Collected $ 3,500 cash from customers billed on July 12. 25 Billed customers $5.900 for cleaning services. Paid $ 340 for the monthly gasoline bill for the truck. 31 31 Withdraw $ 5,600 cash for personal use. (a1) Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem. Ir no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit (To record cash invested in business) (To record truck purchased) . Question 1 of 1 - 135 !! Date Account Titles and Explanation Debit Cre . To record cash invested in business) (To record truck purchased) . : . (To record gasoline expense) (To record drawings (22) Post the July transactions. (Post entries in the order of journal entries posted above.) Cash Date Explanation Debit Credit credit Bal: . . . . Accounts Receivable Date Explanation Explanation Debit Credit Bali Supplies Date Explanation Debit Credit Bali Prepaid Insurance Date Explanation Debit Credit Bali Equipment Date Explanation Debit Credit Bali Accounts Payable Date Explanation Debit Credit Bali Supplies Date Explanation Debit Credit Bali . Prepaid Insurance Date Explanation Debit Credit Bali Equipment Date Explanation Debit Credit Bali Accounts Payable Date Explanation Debit Credit Bali . Owner's Capital Date Explanation Debit Credit Bala Owner's Drawings Date Explanation Debit Credit Bali . Service Revenue Date Explanation Debit Credit Bal Gasoline Expense Debit Date Explanation Credit credit Bal: Salaries and Wages Expense Debit Date Explanation Credit Bali Question 1 of 1 - 135 (b) and (c) Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet. (1) Unbilled and uncollected revenue for services performed at July 31 were $ 2,600. (2) Depreciation on equipment for the month was $ 400, (3) One-twelfth of the insurance expired. (4) An inventory count shows $ 700 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $ 1.080 Trial Balance Account Titles Dr. Cr. W Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals $ $ Depreciation Expense Accum Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable = Question 1 of 1 - /35 !!! Trial Balance Account Titles Dr Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals $ Depreciation Expense Accum Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Question Part Score --/3.18 (d1) Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) CULLUMBER'S CLEANING SERVICE Income Statement $ $ e Textbook and Media Solution List of Accounts Attempts: 0 of 5 used Submit Answer Save for Later --/3.18 Question Part Score (d2) Prepare the owner's equity statement for July (List items that increase owner's equity first.) CULLUMBER'S CLEANING SERVICE Owner's Equity Statement . Prepare the owner's equity statement for July (List items that increase owner's equity first.) CULLUMBER'S CLEANING SERVICE Owner's Equity Statement 4 $ $ : $ e Textbook and Media Solution List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Question Part Score --/3.18 d3) Prepare a classified balance sheet at July 31 (List Current Assets in order of liquidity) CULLUMBER'S CLEANING SERVICE Balance Sheet . Assets 5 Liabilities and Owner's Equity $ $ 5 e Textbook and Media Solution List of Accounts Santor Later Attempts: 0 of 5 used Submit Answer (e1) Journalize adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date ad Account Titles and Explanation Debit . (To record revenue earned) + (To record depreciation) (To record insurance expired) (To record supplies used) (To record salaries payable) e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Question Part Score --/3.18 Question 1 of 1 - / 35 Post adjusting entries.(Post entries in the order of journal entries posted above.) Cash Date Explanation Debit Credit Bali July 1 19.800 July 1 4,200 July 5 1.920 July 18 2,800 July 20 2.500 July 21 3,500 July 31 340 July 31 5,600 Accounts Receivable Date Explanation Debit Credit Bali July 14 4,500 July 21 3.500 July 25 5.900 Adjusting Supplies Date Explanation Debit Credit Credit Bali July 3 2,100 Adjusting Prepaid Insurance Date Explanation Debit Credit Bal: July 5 1.920 4 Adjusting Equipment Debit Date Explanation Credit Bali July 1 9,100 Accumulated Depreciation-Equipment Explanation Debit Date Credit Bali Adjusting Accounts Payable Date Explanation Debit Credit Bali July 1 4,900 July 3 2.100 Question 1 of 1 > - / 35 = Accumulated Depreciation-Equipment Explanation Debit Date Credit Bal: Adjusting Accounts Payable Date Explanation Debit Credit Bal: July 1 4,900 July 3 2.100 July 18 2,800 Salaries and Wages Payable Date Explanation Debit Bal: Credit Adjusting Owner's Capital Date Explanation Debit Bali Credit July 1 19.800 Owner's Drawings Date Explanation Debit Bali Credit July 31 5.600 Service Revenue Date Explanation Debit Bali Credit 4,500 July 14 5.900 July 25 Adjusting Gasoline Expense Debit Date Bali Explanation Credit 340 July 31 Supplies Expense Debit Credit Bali Date Explanation Adjusting Depreciation Expense Debit Credit Bali Date Explanation Adjusting Insurance Expense Credit Bali Date Explanation Debit . Adjusting Salaries and Wages Expense Condit Bal Question 1 of 1 - / 35 Accumulated Depreciation-Equipment Explanation Debit No. 158 Credit Balance \djusting Accounts Payable No. 201 Explanation Debit Credit Balance 4,900 4,900 2,100 7.000 2,800 4,200 Salaries and Wages Payable No. 212 Explanation Debit . Credit Balance \djusting Owner's Capital No. 301 explanation Debit Credit Balance 19,800 19.800 Owner's Drawings No. 306 Explanation Debit Credit Balance 5,600 5,600 Service Revenue No. 400 Explanation Debit Credit Balance Balance 4,500 4,500 5.900 10,400 \djusting Gasoline Expense No. 633 Explanation Debit Credit Balance 340 340 Supplies Expense No. 631 Explanation Debit Credit Balance djusting Depreciation Expense No. 711 Explanation Debit Credit Balance Idjusting Insurance Expense No. 722 Explanation Debit Credit Balance \djusting Salaries and Wages Expense No. 726 vulanation Dobit Credit Balance Question 1 of 1 - /35 ! APTO TOLIUTI VCVIE UOUIL DararlG 5,600 5,600 Service Revenue No. 400 Explanation Debit Credit Balance 4,500 4,500 5.900 10,400 \djusting Gasoline Expense No. 633 Explanation Debit Credit Credit Balance 340 340 Balance Balance Supplies Expense No. 631 Explanation Debit Credit Balance djusting No. 711 Depreciation Expense Explanation Debit Credit Balance \djusting No. 722 Insurance Expense Credit Balance Explanation Debit \djusting No. 726 Salaries and Wages Expense Credit Balance Explanation Debit 2,500 2,500 Adjusting e Textbook and Media List of Accounts Attempts: 0 of 5 used Submit Answer Save for Later (f1) Journalize closing entries and complete the closing process. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.) Date Account Titles and Explanation Debit (To close revenue account) . (To close expense accounts) (To close net income / (loss)) + (To close drawings) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Question Part Score 72 10 Post closing entries. (Post entries in the order of journal entries posted above.) Cash Date Explanation Debit Credit BE July 1 19,800 July 1 4,200 July 5 1.920 July 18 2,800 July 20 2,500 July 21 3,500 July 31 340 July 31 5,600 Accounts Receivable Date Explanation Debit Credit Credit Bala July 12 4.500 July 21 3,500 July 25 5,900 July 31 Adjusting 2,600 Supplies Date Explanation Debit Credit Bali July 3 2.100 July 31 Adjusting 1.400 Prepaid Insurance Date Explanation Debit Credit Bali July 5 1,920 July 31 Adjusting 160 Equipment Date Explanation Debit Credit Bali July 1 9.100 Date Debit Credit Bali July 31 Accumulated Depreciation-Equipment Explanation Adjusting Accounts Payable Explanation Debit 400 Date Credit Bali July 1 4.900 July 3 2,100 July 18 2,800 Salaries and Wages Payable -/35 HI! Jestion 1 of 1 Closing Income Summary Debit Credit Bal. Date Explanation Closing + Closing Closing Service Revenue Bal: Date Explanation Debit Credit 4,500 July 12 5,900 July 25 2,600 July 31 Adjusting Closing Gasoline Expense Debit Date Bali Credit Explanation July 31 340 Closing Supplies Expense Debit Date Bali Credit Explanation Explanation 1.400 July 31 Closing Depreciation Expense Date Explanation Debit Credit Bali July 31 Adjusting 400 + Closing Insurance Expense Date Explanation Debit Bal: Credit July 31 Adjusting 160 Closing Salaries and Wages Expense Date Explanation Debit Credit Bali July 20 2,500 July 31 Adjusting 1,080 + Closing Prepare a post-closing trial balance at July 31. CULLUMBER'S CLEANING SERVICE Post-Closing Trial Balance Debit Credit $ $ $ Totals e Textbook and Media Solution List of Accounts Attempts: 0 of 5 used Submit Answer Savetor Later --/3.19 Question Part Score