Ivanhoe Clark opened Ivanhoes Cleaning Service on July 1, 2022. During July, the following transactions were completed.
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Ivanhoe Clark opened Ivanhoes Cleaning Service on July 1, 2022. During July, the following transactions were completed.
Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number eg. -45 or NANHOE'S CLEANING SERVICE Owner's Equity Statement $ $ $ eTextbook and Media List of Accounts Journalize adjusting entries. (Credit account titles are automatically indented when 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 adjusting entries. (Post entries in the order of journal entries posted above.) Journalize closing entries and complete the closing process. (Credit account titles are automatically indented when amount is Post closing entries. (Post entries in the order of joumal entries posted above) \begin{tabular}{|c|c|c|c|c|c|} \hline & & unts Pa & & & No. 201 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 1 & & & 4,900 & & 4,900 \\ \hline July 3 & & & 2,300 & & 7,200 \\ \hline July 18 & & & & & 4,300 \\ \hline & & ud Wag & & & No. 212 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 31 & Adjusting & & 1,010 & & 1,010 \\ \hline & & er's Ca & & & No. 301 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 1 & & & 20,000 & & 20,000 \\ \hline & Closing & & & & \\ \hline & Closing & & & & \\ \hline & & r's Dra & & & No. 306 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 31 & & & & & 5,600 \\ \hline & Closing & & & & \\ \hline & & ne Sum & & & No. 350 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline & Closing & & & & \\ \hline & Closing & & & & \\ \hline & Closing & & & & \\ \hline & & ice Rev & & & No. 400 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 12 & & & 4,500 & & 4.500 \\ \hline July 25 & & & 5,900 & & 10,400 \\ \hline July 31 & Adjusting & & 2,600 & & 13,000 \\ \hline & Closing & & & & \\ \hline & & line Ex & & & No. 633 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 31 & & & & & 360 \\ \hline & Closing & & & & \\ \hline & & lies Exp & & & No. 631 \\ \hline \end{tabular} IVANHOE'S CLEANING SERVICE Post-Closing Trial Balance Debit Credit 5 5 Totals 5 Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent Owner's Capital No. 301 Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number eg. -45 or NANHOE'S CLEANING SERVICE Owner's Equity Statement $ $ $ eTextbook and Media List of Accounts Journalize adjusting entries. (Credit account titles are automatically indented when 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 adjusting entries. (Post entries in the order of journal entries posted above.) Journalize closing entries and complete the closing process. (Credit account titles are automatically indented when amount is Post closing entries. (Post entries in the order of joumal entries posted above) \begin{tabular}{|c|c|c|c|c|c|} \hline & & unts Pa & & & No. 201 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 1 & & & 4,900 & & 4,900 \\ \hline July 3 & & & 2,300 & & 7,200 \\ \hline July 18 & & & & & 4,300 \\ \hline & & ud Wag & & & No. 212 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 31 & Adjusting & & 1,010 & & 1,010 \\ \hline & & er's Ca & & & No. 301 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 1 & & & 20,000 & & 20,000 \\ \hline & Closing & & & & \\ \hline & Closing & & & & \\ \hline & & r's Dra & & & No. 306 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 31 & & & & & 5,600 \\ \hline & Closing & & & & \\ \hline & & ne Sum & & & No. 350 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline & Closing & & & & \\ \hline & Closing & & & & \\ \hline & Closing & & & & \\ \hline & & ice Rev & & & No. 400 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 12 & & & 4,500 & & 4.500 \\ \hline July 25 & & & 5,900 & & 10,400 \\ \hline July 31 & Adjusting & & 2,600 & & 13,000 \\ \hline & Closing & & & & \\ \hline & & line Ex & & & No. 633 \\ \hline Date & Explanation & Debit & Credit & Balance & \\ \hline July 31 & & & & & 360 \\ \hline & Closing & & & & \\ \hline & & lies Exp & & & No. 631 \\ \hline \end{tabular} IVANHOE'S CLEANING SERVICE Post-Closing Trial Balance Debit Credit 5 5 Totals 5 Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent Owner's Capital No. 301
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