New Era Cleaning Service, Inc. opened for business on

July 1, 2010. During the month of July, the following transactions occurred:

July 1 Issued $18,000 of common stock for $18,000 cash.

July 1 Purchased a truck for $11,000. Paid $4,000 in cash and borrowed the rest (long term) from the bank.

July 3 Purchased cleaning supplies for $900 on account.

July 5 Paid $1,800 on a one-year insurance policy, effective July 1.

July 12 Billed customers $4,800 for cleaning services.

July 18 Paid $1,500 of the amount owed on the truck.

July 18 Paid $500 of the amount owed on cleaning supplies.

July 20 Paid $1,700 for employee salaries.

July 21 Collected $1,200 from customers billed on July 12.

July 25 Billed customers $1,900 for cleaning services.

July 31 Paid gas and oil for the month on the truck, $500.

July 31 Paid a $800 dividend.

Instructions:

Post July transactions to the general journal and general ledger 'T' accounts

I'd like you to help make unadjusted trial balance

Post the following adjustments

(a) Earned but unbilled fees at July 31 were $1,400

(b) Depreciation for the month was $200

(c) One-twelfth of the insurance expired

(d) An inventory count showed $300 of cleaning supplies remaining on July 31.

(e) Accrued but unpaid employee salaries were $500.

I'd like you to help make an adjusted trial balance

WPS Office S AccountingCyc...erKey_updated S AccountingCyc...nment_Unit_03 . S BUS1102Writing..ignment Unit 2 + 3 Sign in Go Premium N42 B fx Exit Full Screen B C D G K M N 0 P Q R S T U V w X Y Z AA AB AC AD AE AF AG AH Cash Accounts Receivable Pre-Paid Insurance Supplies Al Debit Credit Debit (1) 18000 Credit Debit Debit 5) 4800 4) 1800 Credit Credit 4000 (2) 3) 900 1200(9 800 (4) 10) 1900 1500 (6) 5500 500 (7) 1700 (8) (9) 1200 500 (11) 800 (12 8400 16 17 18 Equipment: Truck Credit Accum. Depreciation Credit Accounts Payable Bank Loan 19 Debit Debit Debit Credit Debit Credit 20 (2) 11000 200 (b) 900 (3) 7000 (2) 21 (7) 500 (6) 1500 22 400 5500 23 24 25 26 28 29 30 Revenue Gas & Oil Expense Salaries Expense 31 Salaries Payable Debit Credit Debit Debit Credit 4800 (5) (11) 500 Credit Debit Credit (8) 1700 32 1900 (10) 33 6700 34 35 36 38 39 40 Insurance Expense Supplies Expense epreciation Expens Income Summary 41 Debit Credit Debit Credit Debit Credit Debit Credit 42 43 44 45 46 47 48 49 50 51 52 Common Stock Dividend Retained Earnings Debit Credit Debit Credit Debit Credit 53 18000 (1) 54 (12) 800 55 56 57 58 59 60 61 62 63 Cover Instructions General Journal General Ledger - T Accounts TrialBalanceWorksheet Income Statement Balance Sheet +0 WPS Office S AccountingCyc...erKey_updated S AccountingCyc...nment_Unit_03 Q X S BUS1102Writing..ignment Unit 2 + 3 Sign in Go Premium $45 B fx Exit Full Screen A B C D E F G H I J K LM N O P Q R S T U V W X Y Z AA AB AC AD Unadjusted Adjusted Account Beginnng Balance Trial Balance Adjusting Entries Trial Balance Debit Credit Debit Credit Debit Credit Debit Credit Cash 6 0O Accounts Receivable Cleaning Supplies Prepaid Insurance 10 Equipment booo 11 Accumulated Deprec. OC 12 13 Accounts Payable 14 Salaries Payable 15 Bank Loan 16 17 Common Stock 18 Retained Earnings 19 Dividends OOO 20 21 Service Revenue 0 22 Gas & Oil Expense 23 Cleaning Supplies Exp 24 Depreciation Expense 25 Insurance Expense 26 Salaries Expense oooo 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Cover Instructions General Journal General Ledger - T Accounts TrialBalanceWorksheet Income Statement Balance Sheet +