Kristin Malone opened Kristins Maids Cleaning Service on July 1, 2015. During July, the company completed the following transactions.

July 1 Stockholders invested $19,200 cash in the business in exchange for common stock. 1 Purchased a used truck for $10,700, paying $2,900 cash and the balance on account. 3 Purchased cleaning supplies for $860 on account. 5 Paid $1,920 on a 1-year insurance policy, effective July 1. 12 Billed customers $3,600 for cleaning services. 18 Paid $1,100 of amount owed on truck, and $200 of amount owed on cleaning supplies. 20 Paid $1,600 for employee salaries. 21 Collected $1,500 from customers billed on July 12. 25 Billed customers $1,700 for cleaning services. 31 Paid gasoline for the month on the truck, $320. 31

Declared and paid a $720 cash dividend.

Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 cash Debit Credit 19,200 Common Stock 19,200 (To record cash invested in the business.) July 1 Equipment 10,700 Accounts Payable Cash (To record purchase of truck.) 7800 2,900 July 3 Supplies 860 Accounts Payable July 5 prepaid Insurance 860 1,920 Cash 1,920 July 12 Y Accounts Receivable 3,600 Service Revenue 3,600 Jul y 18 Accounts Payable 1300 1300 Cash Salaries and Wages Expense Cash July 20 1,600 1,600 July 21 Cash 1,500 Accounts Receivable 1,500