Heidi Jara opened Jara's Cleaning Service on July 1, 2015 During July, the following transactions were completed No 101 Cash, No 112 Accounts Receivable, No 126 Supplies, No 130 Prepaid Insurance, No 157 Equipment, No 158 Accumulated DepreciationEquipment, No 201 Accounts Payable, No 212 Salaries and Wages Payable, No 311 Common Stock, No 320 Retained Earnings, No 332 Dividends, No 350 Income Summary, No 400 Service Revenue, No 631 Supplies Expense, No 633 Gasoline Expense, No 711 Depreciation Expense, No 722 Insurance Expense, and No 726 Salaries and Wages Expense B Prepare a trial balance at July 31 on a worksheet (Check Figure Trial Balance $34,700) C Enter the following adjustments on the worksheet and complete the worksheet (Check Figure Adj Trial Balance $38,900) Jara's Cleaning Service Worksheet For The Month Ended July 31, 2015 Adjusted Trial Balance Adjustments Trial Balance Income Statement Balance Sheet Account Titles Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock Dividends Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Accumulated Depreciation Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals 1 Jul Stockholders invested $20,000 cash in the business in exchange for common stock 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account 3 Purchased cleaning supplies for $2,100 on account 5 Paid $1,800 cash on a 1 year insurance policy effective July 1 12 Billed customers $4,500 for cleaning services 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies 20 aid $2,500 cash for employee salaries 21 Collected $3 400 cash from customers billed on July 12 25 Billed customers $6,000 for cleaning services 31 Paid $350 for the monthly gasoline bill for the truck 31 Paid a $5,600 cash dividend l Unbilled and uncollected revenue for services performed at July 31 were $2,700 2 Depreciation on equipment for the month was $500 3 One twelfth of the insurance expired 4 An inventory count shows $600 of cleaning supplies on hand at July 31 5 Accrued but unpaid employee salaries were $1,000

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Heidi Jara opened Jara's Cleaning Service on July 1, 2015. During July, the following transactions were completed. No. 101 Cash, No. 112 Accounts Receivable, No.

Heidi Jara opened Jara's Cleaning Service on July 1, 2015. During July, the following transactions were completed. image text in transcribed

No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated DepreciationEquipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense.

B. Prepare a trial balance at July 31 on a worksheet. (Check Figure: Trial Balance $34,700)

C. Enter the following adjustments on the worksheet and complete the worksheet. (Check Figure: Adj Trial Balance $38,900)

Jara's Cleaning Service
Worksheet
For The Month Ended July 31, 2015
					Adjusted
	Trial Balance		Adjustments		Trial Balance		Income Statement		Balance Sheet
Account Titles	Dr.	Cr.	Dr.	Cr.	Dr.	Cr	Dr.	Cr	Dr.	Cr.
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accounts Payable
Common Stock
Dividends
Service Revenue
Gasoline Expense
Salaries and Wages Expense
Totals

Depreciation Expense
Accumulated Depreciation - Equipment
Insurance Expense
Supplies Expense
Salaries and Wages Payable
Totals
Net Income
Totals

1-Jul Stockholders invested $20,000 cash in the business in exchange for common stock. 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 aid $2,500 cash for employee salaries. 21 Collected $3.400 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Paid a $5,600 cash dividend. l. Unbilled and uncollected revenue for services performed at July 31 were $2,700 2. Depreciation on equipment for the month was $500 3. One-twelfth of the insurance expired. 4. An inventory count shows $600 of cleaning supplies on hand at July 31 5. Accrued but unpaid employee salaries were $1,000