MOMA is a service business established by MR. Fadl from 2 years ago. MR. Fadl asked your group to complete the entire accounting cycle for the first Month of 2020 using the following accounts: Asset Accounts: Cash Accounts Receivable Prepaid insurance Cleaning Supplies Car Accumulated depreciation- Car Liability Accounts: Owner's Equity Accounts Accounts Payable Salaries Payable Fadl, Capital Withdrawals Revenue Accounts Fees Revenue Expense Accounts Salaries Expense insurance expense Gas and oil expense cleaning Supplies Expense Depreciation Expense The opening balances of Asset, liability, and Owner's Equity accounts of ROMA business at January 1, 2020 are: Fadi, Capital $80,000. Cash $40,000. Cleaning supplies $ 20,000. Accounts payable s 20,000 - Accounts receivable $40,000. The following are the transactions of January, 2020: Jan 1: Purchased used car for $10,000, paying $3,000 cash and the balance on account. 3: Purchased cleaning supplies for $2,000 on account. 5: Paid $1,200 cash on one-year insurance policy. 12: Billed customers $10,000 for cleaning services. 18: Paid $1,000 cash on amount owed on car and $500 on amount owed on cleaning supplies 20: Paid $1,200 cash for employee salaries. 21: Collected $5,000 cash from customers billed on Jan 12 23: Billed customers $3,000 for cleaning services. 28: Paid Gas and Oil for month on car $200 31:Mr. Fadl, withdrew $600 cash for personal use. Adjusting data A-Earned but unbilled fees at July 31 was $4,000 B- Depreciation on car for the month was $200 C- One month of the insurance expired. D-An inventory count shows $12,000 of cleaning supplies on hand at Jan 31 E- Accrued but unpaid employee salaries were $1,800