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AutoSave (. off H psa3.8 - Compatibility Mode - Saved to this PC Prakriti Chaudhary X File Home Insert Design Layout References Mailings Review View Help EndNote X8 Foxit PDF Tell me what you want to do Share Comments X Cut Calibri (Body) - 11 - A A Aa- A AaBbCcDo AaBbCcDc AaBbC AaBbCal AaB AaBbCcc Find Paste Copy B I U - ab x, x' A . L . A- 17 No Spac... Heading 1 Heading 2 c Replace 11 Normal Title Subtitle 41 Select Dictate Format Painter Clipboard Font Paragraph Styles Editing Voice Central Cleaning Ltd began operations on 1 July 2016. During July the following transactions were completed. July H Issued 60 000 shares at $1 each. Purchased used truck for $48 000, paying $15 000 cash and the balance on account. m Purchased cleaning supplies for $3600 on account. 5 Paid $14 400 cash on 1-year insurance policy effective 1 July. 12 Invoiced customers $15 720 for cleaning services. 18 Paid $9000 cash of amount owed on truck and $2400 of amount owed on cleaning supplies. 20 Paid $9600 cash for employee salaries. 21 Collected $12 000 cash from customers invoiced on 12 July. 25 Invoiced customers $10 800 for cleaning services. 31 Paid petrol and oil for month on truck $1200. 31 Paid $2250 cash dividend. The chart of accounts for Central Cleaning Ltd contains the following accounts and account numbers: 100 Cash, 110 Accounts Receivable, 120 Cleaning Supplies, 130 Prepaid Insurance, 170 Truck, 171 Accumulated Depreciation-Truck, 200 Accounts Payable, 210 Salaries Payable, 300 Share Capital, 310 Retained Earnings, 315 Dividends, 320 Profit or Loss Summary, 400 Service Revenue, 500 Petrol and Oil Expense, 510 Cleaning Supplies Expense, 520 Depreciation Expense, 530 Insurance Expense, and 540 Salaries Expense. Required. Page 1 of 1 404 words English (United Kingdom) -+ 100% O Type here to search 9 W A ( ) ENG 2:25 PM 1/04/2019 520AutoSave (. off H psa3.8 - Compatibility Mode - Saved to this PC Prakriti Chaudhary X File Home Insert Design Layout References Mailings Review View Help EndNote X8 Foxit PDF Tell me what you want to do Share Comments X Cut Calibri (Body) - 11 - A A" Aa- A AaBbCcDc AaBbC AaBbcal AaB AaBbCcc Find Paste Copy AaBbCcDc c Replace Format Painter B I U - ab x, x' A . L . A- 11 Normal 1 No Spac.. Heading 1 Heading 2 Title Subtitle 41 Select Dictate Clipboard Font Paragraph nevenue, Jou retrol and wil LAperse, Jiv CIcaning Jupplica LAPCrat/ J20 DEPICCIation LAPEnDE, Styles Editing Voice 530 Insurance Expense, and 540 Salaries Expense. Required: (a) Journalise the July transactions. (b) Post to the ledger accounts (use T accounts) (c) Prepare a trial balance as at 31 July. (d) Journalise the following adjustments: 1. Services provided but not invoiced and uncollected at 31 July were $6000. 2. Depreciation on truck for the month was $750. 3. One-twelfth of the insurance expired. 4. An inventory count shows $1200 of cleaning supplies on hand at 31 July. Unpaid employee salaries were $900. (e) Post adjusting entries to the T accounts prepared in part (b). (f) Prepare an adjusted trial balance. (g) Prepare the statement of profit or loss and a calculation of retained earnings for July, and prepare a classified statement of financial position as at 31 July. (h) Journalise and post the closing entries, and complete the closing process as if it were the end of the financial year. (j) Prepare a post-closing trial balance at 31 July. The business purchases cleaning supplies which are 'environmentally friendly' but cost twice the price of an alternative brand. Joe a potential investor doesn't understand why a business would not just try to reduce costs. Prepare a short response to Joe explaining why a business would choose to operate this way. Page 1 of 1 404 words English (United Kingdom) -+ 100% O Type here to search Ei W A ( )) ENG 2:25 PM 6 1/04/2019 520