Lee Chan opened Lee's Window washing on July 31, 2019. During July, the following transactions were completed:

July 1Invested $18,000 cash in the business

July 1Purchased a used truck for $26,000, paying $3,000 cash and the balance on account with Acme Auto

July 1Paid $500 rent for the month

July 3Purchased some supplies on account for $900 from Office Depot

July 5Paid $1,200 on a one year insurance policy, effective July 1

July 12Billed customers $2,500 for cleaning services

July 18Paid $3,000 to Acme for the truck account and $500 to Office Depot

July 20Paid $1,200 to his two employees for the first two weeks of July

July 21Collected $1,400 from customers previously billed

July 25Billed customers $3,000 for cleaning services

July 31Serviced the truck and paid $250 for oil and gas

July 31Withdrew $1,600 for personal use

Instructions:

Journalize and post July's transactions using T Accounts (Excel or Word)

Prepare July 31, 2019 Trial Balance

Journalize the following adjustments as of July 31