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Mike Greenberg opened Riverbed Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,200 shares of common

image text in transcribedimage text in transcribed Mike Greenberg opened Riverbed Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,200 shares of common stock for $12,200 cash. 1 Purchased used truck for $8,160, paying $2,040 cash and the balance on account. 3 Purchased cleaning supplies for $920 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,770 for cleaning services performed. 18 Paid $1,020 cash on amount owed on truck and $510 on amount owed on cleaning supplies. 20 Paid $2,040 cash for employee salaries. 21 Collected $1,630 cash from customers billed on July 12. 25 Billed customers $2,550 for cleaning services performed. 31 Paid $300 for maintenance of the truck during month. 31 Declared and paid $610 cash dividend. The chart of accounts for Riverbed 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. Prepare the income statement for July

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