Kristin Malone opened Kristins Maids Cleaning Service on July 1, 2019. During July, the company completed the following transactions. (Please keep problem and numbers in the same format given below!)

Comprehensive Problem 4 a-g Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2019. During July, the company completed the following transactions. July 1 Stockholders invested $17,000 cash in the business in exchange for common stock. 1 Purchased a used truck for $11,000, paying $2,800 cash and the balance on account. 3 Purchased cleaning supplies for $800 on account. 5 Paid $2,136 on a 1-year insurance policy, effective July 1. 12 Billed customers $4,000 for cleaning services. 18 Paid $1,300 of amount owed on truck, and $220 of amount owed on cleaning supplies. 20 Paid $1,500 for employee salaries. 21 Collected $1,700 from customers billed on July 12. 25 Billed customers $1,600 for cleaning services. 31 Paid gasoline for the month on the truck, $400. 31 Declared and paid a $500 cash dividend. The chart of accounts for Kristin's Maids Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Su Insurance Expense, and No. 726 Salaries and Wages Expense. Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manua Date Account Titles and Explanation Debit Credit Journalize the July transactions. (Credit account titles are automatically indented when amount is er Date Account Titles and Explanation Debit Credit (To record cash invested in the business.) (To record purchase of truck.) (To record gasoline expense.) (To record dividend.) Post the July transactions. (Post entries in the order of journal entries presented above.) Post the July transactions. (Post entries in the order of journal entries presented abou Cash Date No. 101 Balance Explanation Ref Debit Credit Accounts Receivable Date Explanation No. 112 Balance Ref Debit Credit Accounts Receivable Date Explanation No. 112 Balance Ref Debit Credit Supplies Date No. 126 Balance Explanation Debit Credit Ref 1 Prepaid Insurance Date Explanation No. 130 Balance Debit Credit Ref 1 Equipment Date No. 157 Balance Explanation Ref Debit Credit 1 Accounts Payable Date Explanation No. 201 Balance Ref Debit Credit Common Stock Date Explanation No. 311 Balance Ref Debit Credit Dividends Date Explanation Ref Debit Credit No. 332 Balance J1 Service Revenue Date Explanation Credit No. 400 Balance No. 400 Ref Debit Credit Gasoline Expense Date Explanation Ref Debit Credit No. 633 Balance J1 Salaries and Wages Expense Date Explanation Ref No. 726 Balance Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT (c) y J1 . Enter the following adjustments on the worksheet, and complete the worksheet. (1) Unbilled fees for services performed at July 31 were $1,200. (2) Depreciation on equipment for the month was $300. (3) One-twelfth of the insurance expired. (4) An inventory count shows $200 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $600. KRISTIN'S MAIDS CLEANING SERVICE Prepare a worksheet. Account Titles Trial Balance - Dr. cr. Adjustments Dr. cr. Adjusted Trial Balance Dr. Income Statement Dr. cr. Balance Sheet Dr. cr. - Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock ALLUUITS Payadie Common Stock Dividends Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Accum. Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals Prepare the income statement for July 31, 2019. (Enter negative amounts using either a n KRISTIN'S MAIDS CLEANING SERVICE Income Statement Prepare the retained earnings statement for July 31, 2019. (List items that will increase retained earnings first KRISTIN'S MAIDS CLEANING SERVICE Retained Earnings Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a classified balance sheet at July 31, 2019. (List current assets in order of liquidity.) KRISTIN'S MAIDS CLEANING SERVICE Balance Sheet Prepare a classified balance sheet at July 31, 2019. (List current assets in order of liquidity.) KRISTIN'S MAIDS CLEANING SERVICE Balance Sheet Assets Liabilities and Stockholders' Equity SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent Journalize mne aujusuny encres. (Creuil accounL lilies dre du conduically muences where No. Account Titles and Explanation Debit Credit Post the adjusting entries. (Post entries in the order of journal entries passed above.) Cash Date Explanation Credit Ref 11 Debit 17,000 No. 101 Balance 17,000 July 1 Post the adjusting entries. (Post entries in the order of journal entries passed above.) Ref Credit Debit 17,000 2,800 2,136 1,520 1,500 Cash Date Explanation July 1 July 1 July 5 July 18 July 20 July 21 July 31 July 31 Accounts Receivable Date Explanation July 12 July 21 July 25 1,700 No. 101 Balance 17,000 14,200 12,064 10,544 9,044 10,744 10,344 9,844 No. 112 Balance 4,000 2,300 3,900 400 500 Ref Credit Debit 4,000 1,700 1,600 Adjusting Supplies Date July 3 Explanation Credit Ref J1 Debit 800 No. 126 Balance 800 Adjusting Adjusting Prepaid Insurance Date July 5 Explanation Credit Ref Debit J12 ,136 No. 130 Balance 2,136 Adjusting 2 Credit Equipment Date Explanation Ref July 1 1 Accumulated Depreciation Equipment Date Explanation Debit 11,000 No. 157 Balance 11,000 No. 158 Balance Credit Adjusting 12 Ref Debit Credit 8,200 800 Accounts Payable Date Explanation July 1 July 3 July 18 Salaries and Wages Payable Date Explanation Adjusting No. 201 Balance 8,200 9,000 7,480 No. 212 Balance 1,520 Debit Credit Ref J2 2 Common Stock Date No. 311 Balance Explanation Ref Debit Credit Explanation Debit Ref 31 Credit 17,000 Explanation Ref Credit Date July 1 Dividends Date July 31 Service Revenue Date July 12 July 25 Debit 500 1 Balance 17,000 No. 332 Balance 500 No. 400 Balance 4,000 5,600 Explanation Ref Debit Credit 4,000 1,600 Adjusting Explanation Credit Gasoline Expense Date July 31 Supplies Expense Date Ref 31 Debit 400 No. 633 Balance 400 No. 634 Balance Explanation Debit Credit Ref J2 Adjusting Depreciation Expense Date Explanation No. 711 Balance Debit Credit Ref J2 Adjusting Insurance Expense Date Explanation No. 722 Balance Ref Debit Credit Date Explanation Debit Credit Balance Ref 12 2 Adjusting Insurance Expense Date Explanation No. 722 Balance Debit Credit Ref J2 22 Adjusting Salaries and Wages Expense Date Explanation July 20 Credit Ref 31 J2 Debit 1,500 No. 726 Balance 1,500 Adjusting SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Journalize the closing entries. (Credit account titles are automatically indented when amo Account Titles and Explanation Debit Credit (To close revenue account.) LYCIUCULLUQ (To close expense accounts.) (To close net income / (loss).) (To close dividends.) Post the closing entries and complete the closing process. (Post entries in the order of journal en Cash No. 101 Balance Date Explanation Ref Debit Credit 19 . tice Assignment Gradebook ORION Downloadable eTextbook ment Explanation Ref Credit Debit 17,000 2,800 2,136 1,520 1,500 1,700 400 500 Balance 17,000 14,200 12,064 10,544 9,044 10,744 10,344 9,844 No. 112 Balance 4,000 2,300 3,900 5,100 No. 126 Balance 800 Explanation Ref Date July 1 July 1 July 5 July 18 July 20 July 21 July 31 July 31 Accounts Receivable Date July 12 July 21 July 25 July 31 Supplies Date July 3 July 31 Prepaid Insurance Date July 5 July 31 Credit Debit 4,000 1,700 1,600 1,200 Adjusting Explanation Credit Ref 31 22 Debit 800 Adjusting 600 200 Explanation Credit Ref 1 22 Debit 2 ,136 No. 130 Balance 2,136 1,958 Adjusting 178 600 Credit 178 Credit Credit 300 July 31 Adjusting 22 Prepaid Insurance Date Explanation Ref Debit July 5 312 ,136 July 31 Adjusting 12 Equipment Date Explanation Ref Debit July 1 1 11,000 Accumulated Depreciation Equipment Date Explanation Ref Debit July 31 Adjusting 12 Accounts Payable Date Explanation Ref Debit July 1 July 3 July 18 1,520 Salaries and Wages Payable Date Explanation Ref Debit July 31 Adjusting 2 Common Stock Date Explanation Ref Debit July 1 Ji Retained Earnings 200 No. 130 Balance 2,136 1,958 No. 157 Balance 11,000 No. 158 Balance 300 No. 201 Balance 8,200 9,000 7,480 No. 212 Balance 600 No. 311 Balance 17,000 No. 320 Credit 8,200 800 Credit 600 Credit 17,000 Retained Earnings Date No. 320 Balance Ref Debit Credit Explanation Closing 33 3 Closing Dividends Date July 31 Explanation Ref Credit Debit 500 No. 332 Balance 500 Closing 3 Income Summary Date No. 350 Balance Explanation Ref Debit Credit Closing Closing Closing Explanation Ref Debit Credit Service Revenue Date July 12 July 25 July 31 4,000 1,600 1,200 No. 400 Balance 4,000 5,600 6,800 Adjusting Closing Closing 33 Gasoline Expense Date July 31 Explanation Explanation Ref Credit Debit 400 No. 633 Balance 400 Closing 3 Supplies Expense Date July 31 Credit Explanation Adjusting Ref 12 13 Debit 600 No. 634 Balance 600 Closing Depreciation Expense Date July 31 Ref Credit Explanation Adjusting Debit 300 No. 711 Balance 300 Closing 13 Credit Ref 12 33 Debit 1 No. 722 Balance 178 78 Insurance Expense Date Explanation July 31 Adjusting Closing Salaries and Wages Expense Date Explanation July 20 July 31 Adjusting Credit Ref 1 32 Debit 1,500 600 No. 726 Balance 1,500 2,100 Closing 13 Ref Credit Salaries and Wages Expense Date Explanation July 20 July 31 Adjusting Closing Debit 1,500 600 No. 726 Balance 1,500 2,100 3 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance at July 31. KRISTIN'S MAIDS CLEANING SERVICE Post-Closing Trial Balance Debit Credit KRISTIN'S MAIDS CLEANING SERVICE Post-Closing Trial Balance Debit Credit Totals I -I. H .-- - I I.- I. I. CI. I. - . I IN -- . --.IL