P4-5 (LO 1.2.4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the following transactions were completed. Complete all steps in accounting cycle. July 1 Shareholders invested 20,000 cash in the business in exchange for ordinary shares. 1 Purchased used truck for C12,000, paying 4,000 cash and the balance on account. 3 Purchased cleaning supplies for C2,100 on account. 5 Paid 1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers 4.500 for cleaning services. 18 Paid 1,500 cash on amount owed on truck and 1.400 on amount owed on cleaning supplies. 20 Paid C2,800 cash for employee salaries. 21. Collected 3.400 cash from customers billed on July 12. 25 Billed customers 6,000 for cleaning services 31 Paid 350 for the monthly gasoline bill for the truck 31 Declared and paid a 5,600 cash dividend. The chart of accounts for Anya's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 113 Allowance for Impairment Loss, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311, Share Capital - Ordinary, No. 320 Retained Earnings, No 332 Dividends, No 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, No. 726 Salaries and Wages Expense, and No. 812 Impairment Loss on Accounts Receivable, Instructions 2. Journalize and post the July transactions. Use the T-account form of account for the ledger. b. Prepare a trial balance on July 31, 2020. C. Journalize and post adjusting entries with the following additional information (continue using T- account ledgers from requirement a): 1. Unbilled and uncollected revenue for services performed on July 31 were 2,700 2. Depreciation on equipment for the month was 500. 3. One-twelfth of the insurance expired. 4. An inventory count shows C600 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were 1,000. 6. It is expected that 1% of accounts receivable at the end of July will be uncollectible. d. Prepare an adjusted trial balance on July 31, 2020. e. Prepare the income statement and a retained earnings statement for the period ended July 31, 2020, and a classified statement of financial position on July 31, 2020. 1. Journalize and post-closing entries and complete the closing process (continue using T-account ledgers from requirement e). 3. Prepare a post-closing trial balance on July 31, 2020