Mike Greenberg opened Kleene Window Washing Co$.$ on July $1,2022.$ During July, the following transactions were completed.

July $1$ Owner invested $$12,000$ cash in the company.

$1$ Purchased used truck for $$8,000,$ paying $$2,000$ cash and the balance on account.

$3$ Purchased cleaning supplies for $$900$ on account.

$5$ Paid $$1,800$ cash on a $1-$year insurance policy effective July $1.$

$12$ Billed customers $$3,700$ for cleaning services performed.

$18$ Paid $$1,000$ cash on amount owed on truck and $$500$ on amount owed on cleaning supplies.

$20$ Paid $$2,000$ cash for employee salaries.

$21$ Collected $$1,600$ cash from customers billed on July $12.$

$25$ Billed customers $$2,500$ for cleaning services performed.

$31$ Paid $$290$ for maintenance of the truck during month.

$31$ Owner withdrew

Instructions

a$.$ Journalize the July transactions.

b$.$ Post to the ledger accounts. $($Use T$-$accounts.$)$

c$.$ Prepare a trial balance at July $31.$

d$.$ Journalize the following adjustments.

Services performed but unbilled and uncollected at July $31$ were $$1,700.$

Depreciation on equipment for the month was $$180.$

One$-$twelfth of the insurance expired.

A count shows $$320$ of cleaning supplies on hand at July $31.$

Accrued but unpaid employee salaries were $$400.$

e$.$ Post adjusting entries to the T$-$accounts.

f$.$ Prepare an adjusted trial balance.

f$.$ Cash $55,410$

g$.$ Prepare the income statement and an owner's equity statement for July and a classified balance sheet at July $31.$

g$.$ Tot, assets $$21,500$

h$.$ Journalize and post closing entries and complete the closing process.

i$.$ Prepare a post$-$closing trial balance at July $31.$

Complete all steps in accounting cycle. $$600$ cash from the compay. $.$