Heidi Jara opened Monty's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Stockholders invested $20,100 cash in the business in exchange for common stock. 1 Purchased used truck for $8,900, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,920 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 20 Paid $1,500 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies. Paid $2,500 cash for employee salaries. 225 21 Billed customers $6,000 for cleaning services. Collected $3,400 cash from customers billed on July 12. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Paid a $5,600 cash dividend. The chart of accounts for Monty'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 Depreciation-Equipment, 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.