Date Cash July 1 17000 17000 Common Stock (To record cash invested in the business.) July 1 equipment 11000 cash 2900 Accounts Payable 8100 (To record purchase of truck.) July 3 Supplies 900 900 Accounts Payable Prepaid Insurance 2376 July 5 Cash 2376 Accounts Receivable 4000 July 12 4000 Service Revenue Service Revenue 4000 Accounts Payable July 18 1470 Cash 1470 Salaries and Wages Expense July 20 1600 cash 1600 July 21 Cash 1600 Accounts Receivable 1600 July 25 Accounts Receivable 1700 Service Revenue 1700 Gasoline Expense July 31 300 Cash 300 (To record gasoline expense.) July 31 Dividends 600 cash 600 (To record dividend.) Post the July transactions. (Post entries in the order of journal entries presented above.) Cash No. 101 Explanation Ref Balance Date Debit Credit July 1 J1 17000 17000 July 1 J1 2900 14100 July 5 J1 2376 11724 J1 July 18 1470 10254 July 20 J1 1600 8654 J1 July 21 1600 10254 July 31 J1 300 9954 July 31 J1 600 9354 Accounts Receivable No. 112 Ref Debit Credit Date Explanation Balance J1 July 12 4000 4000 July 21 J1 1600 2400 July 25 J1 1700 4100 Supplies No. 126 Explanation Ref Date Debit Credit Balance July 3 J1 900 900 Prepaid Insurance No. 130 Explanation Ref Debit Credit Balance Date July 5 J1 2376 2376 Equipment No. 157 Explanation Ref Debit Credit Balance Date July 1 J1 11000 11000 Accounts Payable No. 201 Erelannien. Accounts Payable No. 201 Ref Credit Balance Date Explanation Debit July 1 J1 8100 8100 July 3 J1 900 9000 J1 July 18 1470 7530 Common Stock No. 311 Explanation Ref Debit Balance Date Credit July 1 J1 17000 17000 Dividends No. 332 Explanation Ref Debit Credit Balance Date J1 600 July 31 600 Service Revenue No. 400 Balance Explanation Ref Debit Date Credit J1 July 12 4000 4000 July 25 J1 1700 5700 Gasoline Expense No. 633 Gasoline Expense No. 633 Explanation Ref Credit Balance Date Debit J1 July 31 300 300 Salaries and Wages Expense No. 726 Ref Debit Credit Balance Date Explanation July 20 J1 1600 1600 Click if you would like to Show Work for this question: Open Show Work KRISTIN'S MAIDS CLEANING SERVICE Income Statement For the Month Ended July 31, 2019 Revenues 7000 Service Revenue Expenses Gasoline Expense 300 Salaries and Wages Expense 2000 Depreciation Expense 210 Insurance Expense 198 Supplies Expense 600 Total Expenses 3308 3692 Net Income / (Loss) For the Month Ended July 31, 2019 Account Titles Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr Dr. Cr 9354 9354 9354 Cash Accounts Receivable 5400 4100 1300 5400 Supplies 900 600 300 300 Prepaid Insurance 2376 198 2178 2178 11,000 Equipment 11000 11000 7530 Accounts Payable 7530 7530 17000 Common Stock 17000 17000 600 600 Dividends 600 5700 Service Revenue 1300 7000 7000 Gasoline Expense 300 300 300 Salaries and Wages Expense 1600 400 2000 2000 30230 30230 Totals 210 Depreciation Expense 210 210 210 Accum. Depr.-Equipment 210 210 Insurance Expense 198 198 198 Supplies Expense 600 600 Salaries and Wages Payable 400 400 400 2708 Totals 32140 32140 7000 2708 25140 3308 28832 Net Income 3692 3692 7000 7000 28832 28832 Totals Prepare the income statement for July 31, 2019. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) KRISTIN'S MAIDS CLEANING SERVICE Income Statement For the Month Ended July 31, 2019