Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. July 1 Issued 11,000 shares of common stock for $11,000 cash. 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1,800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3,200 for cleaning services. 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. 20 Paid $2,000 cash for employee salaries. 21 Collected $1,400 cash from customers billed on July 12. 25 Billed customers $2,500 for cleaning services. 31 Paid $260 for gas and oil used in the truck during month. 31 Declared and paid $600 cash dividend. The chart of accounts for Cardinal Window Washing contains the following accounts: Cash, Accounts Receivable, Cleaning Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, Accounts Payable, Salaries Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Gas & Oil Expense, Cleaning Supplies Expense, Depreciation Expense, Insurance Expense, Salaries Expense. Hint: Complete all steps in accounting cycle. (SO 4, 5, 6, 7, 8) Instructions (a) Journalize the July transactions. (b) Post to the ledger accounts. (Use T accounts.) (c) Prepare a trial balance at July 31. (d) Journalize the following adjustments. 1. Services provided but unbilled and uncollected at July 31 were $1,700. 2. Depreciation on equipment for the month was $250. 3. One-twelfth of the insurance expired. 4. An inventory count shows $360 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $400. (e) Post adjusting entries to the T accounts. (f) Prepare an adjusted trial balance. Cash $ 4,240 (g) Prepare the income statement and a retained earnings statement for July and a classified balance sheet at July 31. Tot. assets $21,000 (h) Journalize and post closing entries and complete the closing process. (i) Prepare a post-closing trial balance at July 31