Mike Greenberg opened Culver Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Issued 13,400 shares of common stock for $13,400 cash. Purchased used truck for $8,960, paying $2,240 cash and the balance on account. Purchased cleaning supplies for $1,010 on account. Paid $2,040 cash on a 1 year Insurance policy effective July 1. Billed customers 54.140 for cleaning services performed. Paid $1,120 cash on amount owed on truck and $560 on amount owed on cleaning supplies. Paid $2,240 cash for employee salaries Collected $1,790 cash from customers billed on July 12. Billed customers $2,800 for cleaning services performed Paid $320 for maintenance of the truck during month. Declared and paid $670 cash dividend. 20 21 25 31 31 The chart of accounts for Culver Window Washing contains the following accounts: Cash, Accounts Receivable. 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. Journal Entries Date Account Details Debit Credit Jul-01 Cash $ 13,400 Common Stock S 13,400 (To record the common stock issued) Jul-03 Equipment $ 8,960 Cash $ 2,240 Accounts Payable $ 6,720 (To record the purchase of equipment) Jul-05 Supplies $ 1,010 Accounts Payable S 1,010 (To record the supplies purchased on account) Jul-05 Prepaid Insurance S 2,040 Cash S 2,040 (To record the prepaid insurance) Jul-12 Accounts Receivable $ 4,140 Service revenue $ 4,140 (To record the service revenue) Jul-18 Accounts Payable $ 1,680 Cash $ 1,680 (To record the payment made to accounts payable) Jul-20 Salaries Expense $ 2,240 Cash S 2,240 (To record the salary expense) Jul-21 Cash $ 1,790 Accounts Receivable $ 1,790 (To record the cash collected) Jul-25 Accounts Receivable $ 2,800 Service Revenue S 2,800 (To record the service revenue) Jul-31 Maintenance and repairs expense $ 320 Cash S 320 (To record the maintenance expense) Jul-31 Dividends $ 670 Cash S 670 (To record the dividends) Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock Dividends Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense