Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. Purchased used truck for $7.520, paying $1,880 cash and the balance on account. July 1 Issued 11,300 shares of common stock for $11,300 cash. 1 3 5 12 12 18 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. 20 21 Collected $1,500 cash from customers billed on July 12. 25 31 31 Billed customers $2,350 for cleaning services performed. Paid $270 for maintenance of the truck during month. Declared and paid $560 cash dividend. Prepare a trial balance at July 31. NOVAK WINDOW WASHING INC. Trial Balance For the Months Ended July 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Interest Expense Accounts Payable Common Stock Dividends Debit Credit Post adjusting entries to the T-accounts. Cash 7/1 11,300 7/1 1,880 7/21 1,500 7/5 1,680 7/18 1,410 7/20 1,880 7/31 270 7/31 560 7/31 Bal. 5,120 Accounts Receivable 7/12 7/25 3,480 7/21 2.350 7/31 Bal. 1600 1,500 Supplies 7/3 7/31 Prepaid Insurance 7/5 7/31 850 7/31 550 300 Equipment 7/1 7,520 7/31 Bal. 7,520 1,680 7/31 140 1540 Accumulated Depreciation-Equipment Accounts Payable 7/18 Salaries and Wages Payable 7/31 170 1,410 7/1 5,640 7/3 850 7/31 Bal. 5,080 7/31 500 Service Revenue 7/12 3,480 Maintenance and Repairs Expense 7/31 Supplies Expense 7/31 270 550 7/25 2,350 7/31 1600 Depreciation Expense 7/31 Insurance Expense 7/31 Salaries and Wages Expense 7/20 7/31 170 140 1,880 380