Mike Greenberg opened Novak Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 1 3 5 12 18 Owner invested $11,300 cash in the company. Purchased used truck for $7,520, paying $1,880 cash and the balance on account. Purchased cleaning supplies for $850 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $3,480 for cleaning services performed. Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies. Paid $1,880 cash for employee salaries. Collected $1,500 cash from customers billed on July 12. Billed customers $2,350 for cleaning services performed. Paid $270 for maintenance of the truck during month. Owner withdrew $560 cash from the company. 20 21 25 31 31 Post adjusting entries to the T-accounts. 7/1 7/21 Cash 11,3007/1 1,500 7/5 7/18 7/20 7/31 7/31 5,120 1,880 1,680 1,410 1,880 270 560 7/31 Bal. Accounts Receivable 3,480 7/21 7/12 1,500 7/25 2,350 Supplies Supplies 7/3 850 Prepaid Insurance 7/5 1,680 7/1 7/31 Bal. Equipment 7,520 7,520 Accumulated Depreciation-Equipment Accounts Payable 7/18 Accounts Payable 1,410 7/1 7/3 7/31 Bal. 5,640 850 5,080 Salaries and Wages Payable Owner's Capital 7/1 7/31 Bal. 11,300 11,300 Owner's Drawings 560 7/31 Bal. 560 Service Revenue 7/12 3.480 Maintenance and Repairs Expense 7/31 270 Supplies Expense Depreciation Expense Insurance Expense