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Mike Greenberg opened Culver Window Washing inc on July 1, 2022. During July, the following transactionis were completed. July 1. Issued 13,400 shares of common

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Mike Greenberg opened Culver Window Washing inc on July 1, 2022. During July, the following transactionis were completed. July 1. Issued 13,400 shares of common stock for $13,400cash. 1 Purchased used truck for $8,960, paying $2,240 cashand the balance on account. 3 Purchased cleaning supplies for $1.010 on account. 5 Paid $2,040 cash on a 1-year insurance policy effective July 1 . 12. Billed customers $4.140 for cleaning services performed. 18 Paid $1,120 cash on amount owed on truck and $560 on amount owed on cleaning supplies. 20 Paid \$2,240 cash for employee salaries. 21 Collected \$1,790 cush from customers billed on July 12. 25 Blled customers $2,800 for cleaning services performed. 31 Paid $320 for maintenance of the truck during month. 31 Declared and poid $670 cash dividend. The chart of accounts for Culver Window Washing contains the following accounts: Cash, Accounts Recelvable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation - Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. Journalize and post closing entries and complete the closing process. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) (To close expense accounts) July 31 (To close net income to retained earnings) July 31 (To close dividends to retained earnings)

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