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Introductory Financial Accounting Individual Assignment1 Lori Callebaut opened Callebaut Cleaning Service July the following transactions were completed. Company on July 1. 2017. During July 1 Shareholders invested $20,000 cash in the business in exchange for ordinary shares. d used truck for $12,000, paying S4.000 cash and issued a 3-month 12% hase notes payable for the balance, with all interests and the balance to be maturity Y3 Purchased cleaning supplies for S2.100 on account. 4 Received $64,000 cash from a customer, Fat Choi Ltd in advance for the cleaning service of 8-month-period from 1 July 2017 to 28 February 2018. 5 Paid $3,600 cash on one-year insurance policy effective July 1 12 Billed customers $5,900 for cleaning services performed. 18 Paid S1,400 on amount owed on cleaning supplies. 20 Paid S4,500 cash for employee salaries. I Collected S4.400 cash from customers billed on July 12. y25 Billed customers $9,400 for cleaning services performed. Y 31 Paid S400 for the monthly gasoline bill for the truck. 31 Declared and paid a S1,200 cash dividend. The chart of accounts for Callebaut Cleaning Service contains the following accounts No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 213 Interest payable, No. 214 Income Tax Payable, No. 221 Unearned Service Revenue, No. 231 Notes Payable, No. 311 Share Capital Ordinary, No. 320 Retained Earnings. No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gasoline Expense, No. 631 Supplies Expense, No. 711 Depreciation Expense. No. 722 Insurance Expense, No. 726 Salaries and Wages Expense, No. 727 Interest Expense and No. 728 Income tax expense