Info from previous sections:

Journalize and post closing entries and complete the closing process. (List all debit entries before credit entries. 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 0 for the amounts. Post entries in the order of journal \begin{tabular}{lc|lc} \multicolumn{5}{c}{ Cash } \\ \hline 7/1 & 9,800 & 7/1 & 1,640 \\ 7/21 & 1,310 & 7/5 & 1,440 \\ & & 7/18 & 1,230 \\ & & 7/20 & 1,640 \\ & & 7/31 & 240 \\ & & 7/31 & 490 \\ \hline 7/31 Bal. & 4,430 & & \end{tabular} \begin{tabular}{lr|lr} \multicolumn{3}{c}{ Accounts Receivable } \\ \hline 7/12 & 3,030 & 7/21 & 1,310 \\ 7/25 & 2,050 & \\ 7/31 & 1,390 & \\ \hline 7/31Bal. & 5,160 & \end{tabular} \begin{tabular}{lc|ll} \multicolumn{3}{c}{ Supplies } \\ \hline 7/3 & 740 & 7/31 & 480 \\ \hline 7/31Bal. & 260 & & \end{tabular} \begin{tabular}{lr|l} \multicolumn{3}{c}{ Prepaid Insurance } \\ \hline 7/5 & 1,440 & 7/31 \\ \hline 7/31Bal. & 1,320 & \\ \multicolumn{3}{r}{ Equipment } \\ \hline 7/1 & 6,560 & \\ \hline 7/31Bal. & 6,560 & \end{tabular} \begin{tabular}{l|lc} \multicolumn{3}{c}{ Accumulated Depreciation-Equipment } \\ \hline & 7/31 & 150 \\ \hline & 7/31 Bal. & 150 \end{tabular} \begin{tabular}{c|c|c|} \hline & Service Revenue \\ \hline \end{tabular} Mike Greenberg opened Cheyenne Window Washing Inc. on July 1,2025 . During July, the following transactions were completed. July 1 Issued 9,800 shares of common stock for $9,800 cash. 1 Purchased used truck for $6,560, paying $1,640 cash and the balance on account. 3 Purchased cleaning supplies for $740 on account. 5 Paid $1,440 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,030 for cleaning services performed. 18 Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies. 20 Paid $1,640 cash for employee salaries. 21 Collected $1,310 cash from customers billed on July 12. 25 Billed customers $2,050 for cleaning services performed. 31 Paid $240 for maintenance of the truck during month. 31 Declared and paid $490 cash dividend. The chart of accounts for Cheyenne Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equip Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. (a) Your answer is correct. the amounts.) July 1 Equipment July 31 Post to the ledger accounts. (Use T-accounts.) (Post entries in the order of journal entries presente Prepare a trial balance at July 31 . Journalize the following adjustments. (List all debit entries before credit entries. Credit account titles are automatically ind 1. Services performed but unbilled and uncollected at July 31 were $1,390. 2. Depreciation on equipment for the month was $150. 3. One-twelfth of the insurance expired. 4. A count shows $260 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $330. (e) Your answer is correct. Post adjusting entries to the T-accounts. (Post entries in the order of journal entries presented in the previous part.) \begin{tabular}{ll|ll} \multicolumn{4}{c}{ Cash } \\ \hline 7/1 & 9,800 & 7/1 & 1,640 \\ 7/21 & 1,310 & 7/5 & 1,440 \\ & & 7/18 & 1,230 \\ & & 7/20 & 1,640 \\ & & 7/31 & 240 \\ & & 7/31 & 490 \\ \hline 7/31Bal. & 4,430 & & \end{tabular} \begin{tabular}{ll|lll} \multicolumn{4}{c}{ Supplies } \\ \hline 7/3 & 740 & 7/31 & 4 & \\ \hline 7/31 Bal. & 480 & & & \\ \hline \end{tabular} \begin{tabular}{l|lr} \multicolumn{3}{c}{ Common Stock } \\ \hline & 7/1 & 9,800 \\ \hline & 7/31Bal.800 \end{tabular} Maintenance and Repairs Expense Prepare an adjusted trial balance. Pr Prepare a retained earnings statement for July. (List items that increase retained earnings first.) (g3) Your answer is correct. Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) CHEYENNE WINDOW WASHING INC. Balance Sheet July 31, 2025 Assets Current Assets Cash $ 4430 Accounts Receivable 5160 Supplies 260 Prepaid Insurance Total Current Assets $ Property, Plant, and Equipment Equipment 4560 Less : Accumulated Depreciation-Equipment Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 4430 Salaries and Wages Payable Total Current Liabilities $ Stockholders' Equity Common Stock 9800 Retained Earnings Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 4430 Salaries and Wages Payable Total Current Liabilities $ Stockholders' Equity Common Stock 9800 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Journalize and post closing entries and complete the closing process. (List all debit entries before credit entries. 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 0 for the amounts. Post entries in the order of journal \begin{tabular}{lc|lc} \multicolumn{5}{c}{ Cash } \\ \hline 7/1 & 9,800 & 7/1 & 1,640 \\ 7/21 & 1,310 & 7/5 & 1,440 \\ & & 7/18 & 1,230 \\ & & 7/20 & 1,640 \\ & & 7/31 & 240 \\ & & 7/31 & 490 \\ \hline 7/31 Bal. & 4,430 & & \end{tabular} \begin{tabular}{lr|lr} \multicolumn{3}{c}{ Accounts Receivable } \\ \hline 7/12 & 3,030 & 7/21 & 1,310 \\ 7/25 & 2,050 & \\ 7/31 & 1,390 & \\ \hline 7/31Bal. & 5,160 & \end{tabular} \begin{tabular}{lc|ll} \multicolumn{3}{c}{ Supplies } \\ \hline 7/3 & 740 & 7/31 & 480 \\ \hline 7/31Bal. & 260 & & \end{tabular} \begin{tabular}{lr|l} \multicolumn{3}{c}{ Prepaid Insurance } \\ \hline 7/5 & 1,440 & 7/31 \\ \hline 7/31Bal. & 1,320 & \\ \multicolumn{3}{r}{ Equipment } \\ \hline 7/1 & 6,560 & \\ \hline 7/31Bal. & 6,560 & \end{tabular} \begin{tabular}{l|lc} \multicolumn{3}{c}{ Accumulated Depreciation-Equipment } \\ \hline & 7/31 & 150 \\ \hline & 7/31 Bal. & 150 \end{tabular} \begin{tabular}{c|c|c|} \hline & Service Revenue \\ \hline \end{tabular} Mike Greenberg opened Cheyenne Window Washing Inc. on July 1,2025 . During July, the following transactions were completed. July 1 Issued 9,800 shares of common stock for $9,800 cash. 1 Purchased used truck for $6,560, paying $1,640 cash and the balance on account. 3 Purchased cleaning supplies for $740 on account. 5 Paid $1,440 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,030 for cleaning services performed. 18 Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies. 20 Paid $1,640 cash for employee salaries. 21 Collected $1,310 cash from customers billed on July 12. 25 Billed customers $2,050 for cleaning services performed. 31 Paid $240 for maintenance of the truck during month. 31 Declared and paid $490 cash dividend. The chart of accounts for Cheyenne Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equip Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. (a) Your answer is correct. the amounts.) July 1 Equipment July 31 Post to the ledger accounts. (Use T-accounts.) (Post entries in the order of journal entries presente Prepare a trial balance at July 31 . Journalize the following adjustments. (List all debit entries before credit entries. Credit account titles are automatically ind 1. Services performed but unbilled and uncollected at July 31 were $1,390. 2. Depreciation on equipment for the month was $150. 3. One-twelfth of the insurance expired. 4. A count shows $260 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $330. (e) Your answer is correct. Post adjusting entries to the T-accounts. (Post entries in the order of journal entries presented in the previous part.) \begin{tabular}{ll|ll} \multicolumn{4}{c}{ Cash } \\ \hline 7/1 & 9,800 & 7/1 & 1,640 \\ 7/21 & 1,310 & 7/5 & 1,440 \\ & & 7/18 & 1,230 \\ & & 7/20 & 1,640 \\ & & 7/31 & 240 \\ & & 7/31 & 490 \\ \hline 7/31Bal. & 4,430 & & \end{tabular} \begin{tabular}{ll|lll} \multicolumn{4}{c}{ Supplies } \\ \hline 7/3 & 740 & 7/31 & 4 & \\ \hline 7/31 Bal. & 480 & & & \\ \hline \end{tabular} \begin{tabular}{l|lr} \multicolumn{3}{c}{ Common Stock } \\ \hline & 7/1 & 9,800 \\ \hline & 7/31Bal.800 \end{tabular} Maintenance and Repairs Expense Prepare an adjusted trial balance. Pr Prepare a retained earnings statement for July. (List items that increase retained earnings first.) (g3) Your answer is correct. Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) CHEYENNE WINDOW WASHING INC. Balance Sheet July 31, 2025 Assets Current Assets Cash $ 4430 Accounts Receivable 5160 Supplies 260 Prepaid Insurance Total Current Assets $ Property, Plant, and Equipment Equipment 4560 Less : Accumulated Depreciation-Equipment Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 4430 Salaries and Wages Payable Total Current Liabilities $ Stockholders' Equity Common Stock 9800 Retained Earnings Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 4430 Salaries and Wages Payable Total Current Liabilities $ Stockholders' Equity Common Stock 9800 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity