lee chang's opened chang's cleaning service Inc.on july 1,2011 the following transactions were completed july 1 shareholders invested $20.000 cash in the business in exchange for ordinary shares july 2 purchased used truck for $9000,paying $4000 cash and the balance on account july 3 purchased cleaning supplies for $2.100 on account july 5 paid $1800 cash on one-year insurance policy effective july 1 july 12 billed customers $4500 for cleaning services july 18 paid $1500 cash on amount owed on truck and $1400 on amount owed on cleaning supplies july 20 paid $2000 cash for employee salaries july 21 collected $3400 cash from customers billed on july 12 july 25 billed customers $9000 for cleaning services july 31 paid gas and oil for month on truck $350 july 31 declared and paid a $1600 cash dividend A) Journalize and Post the July Transactions B) Prepare a Trial balance at July 31 on a worksheet C) Enter the following adjustments on the worksheet and complete the worksheet 1) Services provided but unbilled and uncollected at July 31st were 2700. 2) Depreciation on equipment for the month was 500. 3) One -twelth of the insurance expired 4) An inentory count shows 700$ of cleaning supplies on hand at July 31st. 5) Accrued but unpaid employee salaries were 1000 D) Prepare the income statement and retained earnings statement for July and a classified balance sheet E) Journalize and post adjusting entries F)Journalize and post closing entries and complete the closing process G) Prepare a post closing trial balance