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I need (b) and (c) answered, thanks. (b) Prepare a trial balance at July 31 on a worksheet. (c) Enter the following adjustments on the
I need (b) and (c) answered, thanks.
(b) | Prepare a trial balance at July 31 on a worksheet. | |||
(c) | Enter the following adjustments on the worksheet, and complete the worksheet. |
Also, Post the closing entries and complete the closing process.
Comprehensive Problem 4 (Part Level Submission) Ashley Williams opened Ashley's Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions. July 1 Invested $16,100 cash in the business. Puchased a used truck for $10,700, paying $2,500 cash and the balance on account. 3 Purchased cleaning supplies for $700 on account. 5 Paid $1,872 on a one-year insurance policy, effective July 1 12 Billed customers $3,500 for cleaning services. 18 Paid $1,200 of amount owed on truck, and $300 of amount owed on cleaning supplies. 20 Paid $1,700 for employee salaries 21 Collected $1,600 from customers billed on July 12 25 Billed customers $1,700 for cleaning services. 31 Paid gasoline for the month on the truck, $200. 31 Withdrew $600 cash for personal use. Your answer is correct ournalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit July 1Cash 16100 Owner's Capital 16100
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