Hello I need help with the adjusting the entries into the T account!
Mike Greenberg opened Grouper Window Washing Inc. on July 1, 2017. During July, the following transactions were completed. July 1 Issued 10,300 shares of common stock for $10,300 cash. 1 Purchased used truck for $6,880, paying $1,720 cash and the balance on account. 3 Purchased cleaning supplies for $770 on account. 5 Paid $1,560 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,180 for cleaning services performed. 18 Paid $860 cash on amount owed on truck and $430 on amount owed on cleaning supplies. 20 Paid $1,720 cash for employee salaries. 21 Collected $1,380 cash from customers billed on July 12. 25 Billed customers $2,150 for cleaning services performed. 31 Paid $250 for maintenance of the truck during month. 31 Declared and paid $520 cash dividend. The chart of accounts for Grouper Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation July 1 Cash 10300 Common Stock 10300 July 1 v Equipment 6880 Cash 1720 Accounts Payable 5160 July 3 Supplies 770 Accounts Payable 770 July 5 Prepaid Insurance 1560 Cash 1560 July 12 v Accounts Receivable 3180 Service Revenue 3180 July 18 Accounts Payable 1290 Cash 1290 Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) Services performed but unbilled and uncollected at July 31 were $1,460. (2) Depreciation on equipment for the month was $150. (3) One-twelfth of the insurance expired. (4) A count shows $280 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $340. Debit Credit Sr. Date Account Titles and Explanation (1) July 31 v Accounts Receivable 1460 Service Revenue 1460 (2) July 31 v Depreciation Expense 150 Accumulated Depreciation-Equipr 150 (3) July 31 v Insurance Expense 130 Prepaid Insurance 130 (4) July 31 v Supplies Expense 280 Supplies 280 (5) July 31 v Salaries and Wages Expense 340 Salaries and Wages Payable 340
