Mike Greenberg opened Sarasota Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,500 shares of common stock for $12,500 cash. 1 3 5 Purchased used truck for $8,320, paying $2,080 cash and the balance on account. Purchased cleaning supplies for $940 on account. Paid $1,920 cash on a 1-year insurance policy effective July 1. 12 282 Billed customers $3,850 for cleaning services performed. Paid $1.040 cash on amount owed on truck and $520 on amount owed on cleaning supplies. Paid $2,080 cash for employee salaries. Collected $1,660 cash from customers billed on July 12. 18 20 21 25 31 Paid $300 for maintenance of the truck during month. Billed customers $2,600 for cleaning services performed. 31 Declared and paid $620 cash dividend. Post adjusting entries to the T-accounts. Cash 7/1 12,500 7/1 2,080 7/21 1,660 7/5 1,920 7/18 1,560 7/20 2,080 7/31 300 7/31 620 7/31 Bal. 5,600 Accounts Receivable 7/12 7/25 3,850 7/21 1,660 2,600 Supplies 7/3 940 Prepaid Insurance 7/5 Equipment 7/1 8,320 7/31 Bal. 8,320 1,920 Accumulated Depreciation-Equipment Accounts Payable 7/18 1,560 7/1 Salaries and Wages Payable 6,240 7/3 940 7/31 Bal. 5,620 Common Stock Dividends 7/31 Service Revenue 7/1 12,500 7/31 Bal, 12,500 620 7/12 3,850 7/25 2,600 Maintenance and Repairs Expense 7/31 Supplies Expense Depreciation Expense I 300 Insurance Expense Salaries and Wages Expense 7/20 2,080 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock: Dividends Trial Balance July 31, 2022 Ut Debit Credit 5600 $ 4790 940 1920 8320 620 5620 12500 Dividends Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense Totals 620 300 2080 6450 24570 24570 (1) Services performed but unbilled and uncollected at July 31 were $1,770. (2) Depreciation on equipment for the month was $190. (3) (4) 3 5 One-twelfth of the insurance expired. A count shows $330 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $420. Date Account Titles and Explanation July 31 Accounts Receivable Service Revenue July 31 Depreciation Expense Accumulated Depreciation-Equipment Debit 1770 190 Credit 1770 190 Question 1 of 1 Accumulated Depreciation-Equipment July 31 Insurance Expense Prepaid Insurance 160 July 31 Supplies Expense 610 Supplies Expense Supplies 420 July 31 Salaries and Wages Expense Salaries and Wages Payable 0.36/1 E 190 160 610 420