Mike Greenberg opened Grouper Window Washing Inc. on July 1, 2017. During July, the following transactions were completed. (NOTE: This is all one question)

Mike Greenberg opened Grouper Window Washing Inc. on July 1, 2017. During July, the following transactions were completed. July 1 1 3 5 12 18 20 Issued 10,300 shares of common stock for $10,300 cash. Purchased used truck for $6,880, paying $1,720 cash and the balance on account. Purchased cleaning supplies for $770 on account. Paid $1,560 cash on a 1-year insurance policy effective July 1. Billed customers $3,180 for cleaning services performed. Paid $860 cash on amount owed on truck and $430 on amount owed on cleaning supplies. Paid $1,720 cash for employee salaries. Collected $1,380 cash from customers billed on July 12. Billed customers $2,150 for cleaning services performed. Paid $250 for maintenance of the truck during month. Declared and paid $520 cash dividend. 21 25 31 31 The chart of accounts for Grouper 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. Journalize and post closing entries and complete the closing process. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Debit Credit Date Account Titles and Explanation July 31 (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income to retained earnings) July 31 (To close dividends to retained earnings) 7/1 7/21 Cash 10,3007/1 1,3807/5 7/18 7/20 7/31 7/31 4,620 1,720 1,560 1,290 1,720 250 520 7/31 Bal. 1,380 7/12 7/25 7/31 7/31 Bal. Accounts Receivable 3,180 7/21 2,150 1,460 5,410 Supplies 7707/31 280 7/3 7/31 Bal. 490 Prepaid Insurance 1,5607/31 1,430 7/5 7/31 Bal. 130 7/1 7/31 Bal. Equipment 6,880 6,880 Accumulated Depreciation-Equipment 7/31 7/31 Bal. 150 150 7/18 Accounts Payable 1,290 7/1 7/3 7/31 Bal. 5,160 770 4,640 Salaries and Wages Payable 7/31 7/31 Bal. 340 340 Common Stock 7/1 7/31 Bal. 10,300 10,300 Retained Earnings Dividends 7/31 520 Income Summary Service Revenue 7/12