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

The chart of accounts for Jara's Cleaning Service contains the following accounts: 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.

E. Journalize and post adjusting entries. Use page J2 for the journal.

F. Journalize and post closing entries and complete the closing process. Use page J3 for the journal.

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

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