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John Smith opened Classy Cleaners, Inc. on July 1, 2016. During July, the following transactions were completed. July 1 Issued 19,000 shares of common stock

John Smith opened Classy Cleaners, Inc. on July 1, 2016. During July, the following transactions were completed.

July 1 Issued 19,000 shares of common stock for $19,000 cash.

1 Purchased used truck for $15,000, paying $4,000 cash and the balance on account.

3 Purchased cleaning supplies for $978 on account.

5 Paid $2,160 cash on a 1-year insurance policy effective July 1.

12 Billed customers $5,110 for cleaning services.

18 Paid $2,345 cash on amount owed on truck and $400 on amount owed on cleaning supplies.

20 Paid $2,109 cash for employee salaries.

21 Collected $1,667 cash from customers billed on July 12.

25 Billed customers $2,599 for cleaning services.

31 Paid $300 for maintenance of the truck during month.

31 Declared and paid $700 cash dividend.

The chart of accounts for Classy Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, 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, Salaries and Wages Expense. Instructions

I HAVE FIGURED A,B AND C NEED HELP WITH THE BELOW QUESTIONS

(d) Journalize the following adjustments.

(1) Services performed but unbilled and uncollected at July 31 were $1,723.

(2) Depreciation on equipment for the month was $250.

(3) One-twelfth of the insurance expired.

(4) An inventory count shows $360 of cleaning supplies on hand at July 31.

(5) Accrued but unpaid employee salaries were $430.

(e) Post adjusting entries to the T-accounts.

(f) Prepare an adjusted trial balance.

(g) Prepare the income statement and a retained earnings statement for July and a classified balance sheet at July 31.

(h) Journalize and post closing entries and complete the closing process.

(i) Prepare a post-closing trial balance at July 31.

Check Figures Tot. assets $33,508 Cash $8,653

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