Mike Greenberg opened Indigo Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.

July 1		Issued 13,900 shares of common stock for $13,900 cash.
1		Purchased used truck for $9,280, paying $2,320 cash and the balance on account.
3		Purchased cleaning supplies for $1,040 on account.
5		Paid $2,040 cash on a 1-year insurance policy effective July 1.
12		Billed customers $4,290 for cleaning services performed.
18		Paid $1,160 cash on amount owed on truck and $580 on amount owed on cleaning supplies.
20		Paid $2,320 cash for employee salaries.
21		Collected $1,860 cash from customers billed on July 12.
25		Billed customers $2,900 for cleaning services performed.
31		Paid $340 for maintenance of the truck during month.
31		Declared and paid $700 cash dividend.

The chart of accounts for Indigo Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, 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 the following adjustments. (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 0 for the amounts.)

(1)		Services performed but unbilled and uncollected at July 31 were $1,970.
(2)		Depreciation on equipment for the month was $210.
(3)		One-twelfth of the insurance expired.
(4)		A count shows $370 of cleaning supplies on hand at July 31.
(5)		Accrued but unpaid employee salaries were $460.

Prepare the income statement for July.

INDIGO WINDOW WASHING INC. Income Statement choose the accounting period For the Month Ended July 31, 2022July 31, 2022For the Quarter Ended July 31, 2022
select an opening name for section one ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends
enter an income statement item		$enter a dollar amount
select an opening name for section two ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends		enter a total amount for section two
select a closing name for this statement ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends		$enter a total net income or loss amount

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List of Accounts

Prepare a retained earnings statement for July. (List items that increase retained earnings first.)

INDIGO WINDOW WASHING INC. Retained Earnings Statement choose the accounting period July 31, 2022For the Month Ended July 31, 2022For the Quarter Ended July 31, 2022
select an opening name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends		$enter a dollar amount
select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends		enter a dollar amount
		enter a subtotal of the two previous amounts
select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends		enter a dollar amount
select a closing name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, July 1Retained Earnings, July 31Dividends		$enter a total amount

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