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Fill out the Accounting table Journalize closing entries and complete the closing process. account tides are au)matic.ally wfpn amount is Do mt irent mamnlly. Record
Fill out the Accounting table
Journalize closing entries and complete the closing process. account tides are au)matic.ally wfpn amount is Do mt irent mamnlly. Record jourml entries in order displayed in problem.) Date Sheridan Clark opened Sheridan's Cleaning Service on July 1, 2022. During July, the following transactions were completed. Account Titles and Explanation (To close revenue account) (To close expense accounts) (To close net income / (loss)) (To close drawings) Debit Credit 3 5 12 18 20 21 25 31 31 Sheridan invested $20,100 cash in the business. Purchased used truck for $9,200, paying $4100 cash and the balance on account. Purchased cleaning supplies for $2,000 on account. Paid $1,680 cash on a I-year insurance policy effective July 1. Billed customers $4400 for cleaning services. Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. Paid $2,600 cash for employee salaries. Collected $3,500 cash from customers billed on July 12. Billed customers $5900 for cleaning services. Paid $350 for the monthly gasoline bill for the truck. Withdraw $5,700 cash for personal use.
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