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Need help preparing post-closing trial balance. I'm pretty sure mine answer is wrong. 1 Comprehensive Problem 4 a-g Kristin Malone opened Kristin's Maids Cleaning Service
Need help preparing post-closing trial balance. I'm pretty sure mine answer is wrong.
1 Comprehensive Problem 4 a-g Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2019. During July, the company completed the following transactions. July 1 Stockholders invested $17,000 cash in the business in exchange for common stock. Purchased a used truck for $11,000, paying $2,800 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1,644 on a 1-year insurance policy, effective July 1. Billed customers $3,700 for cleaning services. Paid $1,100 of amount owed on truck, and $260 of amount owed on cleaning supplies. Paid $1,800 for employee salaries. Collected $1,700 from customers billed on July 12. Billed customers $1,600 for cleaning services. Paid gasoline for the month on the truck, $300. Declared and paid a $500 cash dividend. 12 18 20 21 25 31 31 (1) Unbilled fees for services performed at July 31 were $1,500. (2) Depreciation on equipment for the month was $200. (3) One-twelfth of the insurance expired. (4) An inventory count shows $100 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $600. Prepare a post-closing triai Dalance at July 31. KRISTIN'S MAIDS CLEANING SERVICE Post-Closing Trial Balance July 31, 2019 Debit Credit cash Equipment Supplies Prepaid Insurance Accounts Receivable Common Stock Gasoline Expense Accumulated Depreciation Equipment Insurance Expense Supplies Expense TotalsStep by Step Solution
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