(Part Level Submission) Comprehensive Problem 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 $2,900 cash and the balance on account. 1 Purchased cleaning supplies for $900 on account. Paid $2,376 on a 1-year insurance policy, effective July 1 3 5 12 Billed customers $4,000 for cleaning services. 18 Paid $1,200 of amount owed on truck, and $270 of amount owed on cleaning supplies. Paid $1,600 for employee salaries. Collected $1,600 from customers billed on July 12. 20 21 25 Billed customers $1,700 for cleaning services. 31 Paid gasoline for the month on the truck, $300. Declared and paid a $600 cash dividend. 31 The chart of accounts for Kristin's Maids Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, 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 Common Stock, 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, and No. 726 Salaries and Wages Expense. Date Cash July 1 17000 17000 Common Stock (To record cash invested in the business.) July 1 equipment 11000 cash 2900 Accounts Payable 8100 (To record purchase of truck.) July 3 Supplies 900 900 Accounts Payable Prepaid Insurance 2376 July 5 Cash 2376 Accounts Receivable 4000 July 12 4000 Service Revenue Service Revenue 4000 Accounts Payable July 18 1470 Cash 1470 Salaries and Wages Expense July 20 1600 cash 1600 July 21 Cash 1600 Accounts Receivable 1600 July 25 Accounts Receivable 1700 Service Revenue 1700 Gasoline Expense July 31 300 Cash 300 (To record gasoline expense.) July 31 Dividends 600 cash 600 (To record dividend.) Post the July transactions. (Post entries in the order of journal entries presented above.) Cash No. 101 Explanation Ref Balance Date Debit Credit July 1 J1 17000 17000 July 1 J1 2900 14100 July 5 J1 2376 11724 J1 July 18 1470 10254 July 20 J1 1600 8654 J1 July 21 1600 10254 July 31 J1 300 9954 July 31 J1 600 9354 Accounts Receivable No. 112 Ref Debit Credit Date Explanation Balance J1 July 12 4000 4000 July 21 J1 1600 2400 July 25 J1 1700 4100 Supplies No. 126 Explanation Ref Date Debit Credit Balance July 3 J1 900 900 Prepaid Insurance No. 130 Explanation Ref Debit Credit Balance Date July 5 J1 2376 2376 Equipment No. 157 Explanation Ref Debit Credit Balance Date July 1 J1 11000 11000 Accounts Payable No. 201 Erelannien. Accounts Payable No. 201 Ref Credit Balance Date Explanation Debit July 1 J1 8100 8100 July 3 J1 900 9000 J1 July 18 1470 7530 Common Stock No. 311 Explanation Ref Debit Balance Date Credit July 1 J1 17000 17000 Dividends No. 332 Explanation Ref Debit Credit Balance Date J1 600 July 31 600 Service Revenue No. 400 Balance Explanation Ref Debit Date Credit J1 July 12 4000 4000 July 25 J1 1700 5700 Gasoline Expense No. 633 Gasoline Expense No. 633 Explanation Ref Credit Balance Date Debit J1 July 31 300 300 Salaries and Wages Expense No. 726 Ref Debit Credit Balance Date Explanation July 20 J1 1600 1600 Click if you would like to Show Work for this question: Open Show Work (b) and (c) (b) Prepare a trial balance at July 31 on a worksheet. (c) Enter the following adjustments on the worksheet, and complete the worksheet. $1,300 (1) Unbilled fees for services performed at July 31 were Depreciation on equipment for the month was $210. (2) One-twelfth of the insurance expired An inventory count shows $300 of cleaning supplies on hand at July 31 (3) (4) (5) Accrued but unpaid employee salaries were $400. Prepare a worksheet. Trial Balance Adjustments Account Titles Adjusted Trial Balance Balance Sheet Income Statement Dr. Cr. Dr. Cr. Dr. Dr. Cr. Dr. Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock Dividends Service Revenue Gasoline Expense Salaries and Wages Expense Salaries and Wages Expense Totals Depreciation Expense Accum. Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals Click if you would like to Show Work for this question: Open Show Work