Mike Greenberg opened Flounder Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $10,100 cash in the company. 1 Purchased used truck for $6,720, paying $1,680 cash and the balance on account. 3 Purchased cleaning supplies for $760 on account. 5 Paid $1,560 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,110 for cleaning services performed. 18 Paid $840 cash on amount owed on truck and $420 on amount owed on cleaning supplies. 20 Paid $1.680 cash for employee salaries. 21 Collected $1,340 cash from customers billed on July 12. 25 Billed customers $2,100 for cleaning services performed. 31 Paid $240 for maintenance of the truck during month. 31 Owner withdrew $500 cash from the company. Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,430. 2. Depreciation on equipment for the month was $150. 3. One-twelfth of the insurance expired. 4. A count shows $270 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $340. Debit Sr. Date Account Titles and Explanation 1. July 31 Accounts Receivable Credit 1430 Service Revenue 1430 2. July 31 Depreciation Expense Accumulated Depreciation Equipment 3. July 31 Insurance Expense 130 Prepaid Insurance 4. July 31 Supplies Expense Supplies 490 5. July 31 Salaries and Wages Expense 340 Salaries and Wages Payable 340 7/1 7/21 Cash 10,100 7/1 1,340 7/5 7/18 7/20 1,680 1,560 1,260 1,680 240 500 7/31 7/31 Bal. 7/31 4,520 7/12 Accounts Receivable 3,110 7/21 2,100 1,340 7/25 7/31 1430 7/31 Bal. 6640 7/3 Supplies 760 7/31 7/31 Bal. 7/5 Prepaid Insurance 1,560 7/31 7/31 Bal 4 1560 7/1 7/31 Bal. Equipment 6,720 6,720 Accumulated Depreciation Equipment 7/31 150 7/31 Bal : 150 Accounts Payable 1,260 7/1 7/18 7/3 5,040 760 4,540 7/31 Bal. Salaries and Wages Payable 7/31 340 7/31 Bal. 340 Owner's Capital 10,100 10.100 7/31 Bal. 7/31 Bal. Owner's Drawings 500 500 Service Revenue /12 3,110 7/25 2,100 7/314 1430 6640 Maintenance and Repairs Expense 7/31 240 Bal. 240 Supplies Expense 7/314 Bal. Depreciation Expense 7/314 150 Bal. 150 Insurance Expense 130 7/314 Bal. 130 Salaries and Wages Expense 1,680 7/20 7/31 340 Bal. 2020 FLOUNDER WINDOW WASHING CO. Trial Balance Debit Credit Totals