Journalize the following adjustments. (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) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. One-twelfth of the insurance expired. 3. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420. Sr. Date Account Titles and Explanation 1. July 31 Accounts Receivable serv July 2. 31 31 Depreciation Expense 3 4 5. July Accumulated Depreciation-Equipment Insurance Expense 31 Prepaid Advertising July Supplies Expense 31 July 31 Supplies Salaries and Wages Expense sala Debit 1800 190 160 340 420 Credit 1800 190 160 340 420 Sr. Date Account title and explanation Debit Credit 1 July 31 Accounts receivable 1,800 Service revenue 1,800 2 July 31 Depreciation expense 190 Accumuated depreciation-Equipment 190 3 July, 31 Insurance expense (1920/12) 160 Prepaid insurance 1160 4 July. 31 Supplies expense (950-340) 610 Supplies 610 5 July 31 Salaries and wages expense 420 Salaries and wages payable 420 Adjusted trial balance: SHEFFILED WINDOW WASHING CO. Adjusted trial balance As of July, 31 Account Title Debit Credit Cash 5,700 Accounts receivable (4870+1800) 6,670 Supplies (950-610) 340 Prepaid insurance (1920-160) 1,760 Equipment 8,480 Accumulated depreciation-Equipment 190 Accounts payable 5,720 Salaries and wages payable 420 Owners' capital 12,700 Owners' drawings 640 Service revenue (6570+1800) 8,370 Maintenance and repairs expense 310 Salaries and wages expense (2120+420) 2,540 Supplies expense 610 Insurance expense 160 Depreciation expense 190 37.100 Depreciation expense Totals 27,400 27,400 Income statment to calculate net income SHEFIELD WINDOW WASHING CO. Income statement For the month ending July 31 8,370 Service revenue Less: Expenses Maintenance and repairs expense 310 Salaries and wages expense 2,540 Supplies expense 610 Insurance expense 160 Depreciation expense 190 Total expenses 3,810 4,560 Net income Owners' equity statement SHEFIELD WINDOW WASHING CO. Owners' equity statement For the month ending July 31 Owners' capital, as of July 1 12,700 Add: Net income 4,560 Additional investment 4,560 17,260 Less Owners' drawings Owners' capital, as of July 31 (640) 16.620 Balance Sheet Assetd Current Assets: Amount $ Amount $ Liablites Current liablies: Cash $ 5,700.00 Account receivable $ 6,670.00 Supplies $ 340.00 Prepaid Insurance $ 1,760.00 Non Current Assets: proerty Plant and Equipment Amount $ Amount $ account Payable $ 5,720.00 Salaries and wages Payable $ 420.00 $14,470.00 Total current Liablities (A) $ 6,140.00 Shareholders Equity: Machinery and Equipent $ 8,480.00 Capital $ 16,620.00 Less Accum Dep $ -190.00 Total Shareholders Equity (B) $ 16,620.00 Net Fixed Assets (B) $ 8,290.00 Total Assets (A+B) $22,760.00 Total Liablities (A+B) $22.750.00 Journalize the closing 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.) Date Account Titles and Explanation July 31 (To close revenue account) July 31 Debit Credit July 31 July 31 (To close expense accounts) July 31 (To close net income to capital) Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount. Post entries in the order of journal entries presented.) Cash 7/1 12,700 7/1 2,120 7/21 1,700 7/5 1,920 7/18 1,590 7/20 2,120 7/31 310 7/31 640 7/31 Bal. 5,700 7/12 7/25 Accounts Receivable 3,920 7/21 2,650 7/31 1,800 7/31 Bal. 6670 1,700 7/31 Bal. 6,670 7/3 7/31 Bal. Supplies 950 7/31 340 7/5 7/31 Bal. Prepaid Insurance 1,920 7/31 1,760 7/1 7/31 Bal. Equipment 8,480 8,480 Accumulated Depreciation-Equipment 610 160 7/31 190 7/31 Bal. 190 7/18 7/31 Accounts Payable 1,590 7/1 7/3 6,360 950 7/31 Bal. 5,720 Salaries and Wages Payable 7/31 7/31 Bal. Owner's Capital 7/1 Owner's Drawings 640 420 420 $12,700 7/31 Owner's Drawings 640 Income Summary Service Revenue I 7/12 3,920 7/25 2,650 7/31 1,800 7/31 7/31 Maintenance and Repairs Expense 310 Supplies Expense 610 7/31 Depreciation Expense 190 Insurance Expense 7/31 7/20 9 Insurance Expense 160 Salaries and Wages Expense 2,120 7/31 420