Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Issued 11,300 shares of common stock for $11,300 cash. 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. Declared and paid $560 cash dividend. 20 21 25 31 31 The chart of accounts for Novak 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, 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 for the amounts.) (1) (2) (3) Services performed but unbilled and uncollected at July 31 were $1,600. Depreciation on equipment for the month was $170. One-twelfth of the insurance expired. A count shows $300 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were $380. (4) (5) Post adjusting entries to the T-accounts. Cash 7/1 11.300 7/1 1.880 7/21 1,5007/5 2,680 7/18 1/410 7/20 1.880 7/31 270 7/31 560 7/31 Bal 5,120 Accounts Receivable 7/12 3.480 7/21 1.500