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just need help with the last part have everything else filled out Current Attempt in Progress Mike Greenberg opened Pronghorn Window Washing Inc. on July
just need help with the last part have everything else filled out Current Attempt in Progress Mike Greenberg opened Pronghorn Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Issued 11.200 shares of common stock for $11,200 cash. Purchased used truck for $7,300, paying $1,800 cash and the balance on account. Purchased cleaning supplies for $900 on account Paid $1,920 cash on a 1-year insurance policy effective July 1. Billed customers $3,600 for cleaning services performed. Paid $900 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,200 cash for employee salaries. Collected $1,500 cash from customers billed on July 12. Billed customers $2,200 for cleaning services performed. Paid $300 for maintenance of the truck during month. Declared and paid $600 cash dividend. 20 21 25 31 31 The chart of accounts for Pronghorn Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepa Insurance, Equipment, Accumulated Depreciation-Equipment Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciatic Expense, Insurance Expense, and Salaries and Wages Expense. Raaka ir Debit Credit Date Account Titles and Explanation 7600 July 31 Service Revenue 7600 Income Summary (To close revenue account) 3850 July 31 Income Summary 2600 Salaries and Wages Expense 180 Depreciation Expense 160 Insurance Expense 610 Supplies Expense 300 Maintenance and Repairs Expense (To close expense accounts) 3750 July 31 Income Summary 3750 Retained Earnings (To close net income to retained earnings) (To close expense accounts) 3750 July 31 Income Summary 3750 Retained Eamings (To close net income to retained earnings) 600 July 31 Retained Earnings 600 Dividends (To close dividends to retained earnings) Post closing entries and complete the closing process. (Post entries in the order of journal entries presented in the pre part. If ending balance is zero please enter on normal balance side.) Cash 1.800 7/1 11,200 7/1 7/21 1.920 1,500 775 7/18 1,400 2,200 7/20 300 7/31 7/31 600 7/31 Bal 4,480 Accounts Receivable 3,600 7/21 1,500 7/12 7/25 2,200 7/31 1,800 7/31 Bal. 6,100 Supplies 7/3 610 900 7/31 7/31 Bal. 290 Prepaid Insurance 7/5 160 1,920 7/31 7/31 Bal. 1.760 Equipment 7/1 7,300 7/31 Bal. 7.300 Accumulated Depreciation Equipment 7/31 180 7/31 Bal. 180 Accounts Payable 7/18 5,500 1,400 7/1 7/3 900 7/31 Bal 5,000 Salaries and Wages Payable 7/31 400 7/31 Bal. 400 Common Stock 7/1 11,200 Retained Earnings Dividends 7/31 600 Income Summary Service Revenue 7/12 3,600 I 7/25 2,200 7/31 1,800 Maintenance and Repairs Expense 7/31 300 Supplies Expense 7/31 610 Depreciation Expense 7/31 180 Insurance Expense 7/31 160 Salaries and Wages Expense 7/20 2,200 MacBook Air ... 7/31 160 Salaries and Wages Expense 7/20 2,200 7/31 400
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