Group 5: LAUNDRY SERVICE Aug 1 The owner. V. Laundrer, invested the following in his business cash $30,000, laundry equipment $232,600, laundry supplies $21.500, pickup truck $50,000 Aug 2 Purchased insurance premiums for the year for vehicle $3.500 Aug 3 Pald six months' rent on a lease rental contract $6,000 Aug 4 Paid cash for newspaper advertisement $650 Aug 5 Received cash from clients as an advance payment for services to be provided and recorded it as uneorned fees $9.400 Aug 6 Paid receptionist for two weeks salary $1,500 Aug 17 Received cash from clients for fees earned during the period August 1-17 510.400 Aug 18 Paid cash for supplies $3,000 Aug 20 Paid telephone bill for July 225 Aug 21 Paid electricity bill for July $175 Aug 23 The owner withdrew $11,000 for personal use Aug 25 Provided services on account for the remainder of August 6,500 Aug 26 Received cash from clients for fees earned during the period August 18-26 $5.200 Aug 28 Paid miscellaneous expenses for August $170 Aug 30 Provided services on account $11,180 Aug 31 Received cash from clients on account $1000 The data needed for the end of month adjustments are: Insurance premiums expired during August is $700 Laundry supplies on hand on August 31 are $3600 Depreciation of laundry equipment for August is $6500 . Rent expired during Augustis $1000 . Wages accrued but not paid at August 31 are $1,100 Completing the accounting cycle accurately Journalizing Posting to the ledger initial adjusting and closing entries) Unadjusted trial balance Adjusting entries journalized Adjusted trial balance Financial statements (All 4) Closing entries journalized Post- Closing trial balance End of period spreadsheet