Post the closing entries and closing process.

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 $15,000 cash in the business in exchange for common stock. Purchased a used truck for $11,000, paying $3,200 cash and the balance on account. 1 Purchased cleaning supplies for $800 on account. Paid $1,608 on a 1-year insurance policy, effective July 1 Billed customers $3,900 for cleaning services. 12. Paid $1,000 of amount owed on truck, and $200 of amount owed on cleaning supplies. 18 Paid $1,600 for employee salaries 20 Collected $1,600 from customers billed on July 12. 21 Billed customers $1,500 for cleaning services. 25 Paid gasoline for the month on the truck, $300. 31 Declared and paid a $700 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 Suppl 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retaine No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. (b) Prepare a trial balance at July 31 on a worksheet. (c) Enter the following adjustments on the worksheet, and complete the worksheet. Unbilled fees for services performed at July 31 were $1,500 (1) (2) Depreciation on equipment for the month was $220. (3) One-twelfth of the insurance expired. An inventory count shows $200 of cleaning supplies on hand at July 31 (4) (5) Accrued but unpaid employee salaries were $400. Post the closing entries and complete the closing process. (Post entries in the order of journal e Cash No. 101 Explanation Ref Debit Credit Balance Date July 1 15,000 J1 15,000 July 1 J1 3,200 11,800 July 5 J1 1,608 10,192 July 18 J1 1,200 8,992 July 20 J1 1,600 7,392 July 21 J1 1,600 8,992 July 31 8,692 J1 300 July 31 J1 700 7,992 Accounts Receivable No. 112 Explanation Ref Debit Credit Balance Date July 12 J1 3,900 3,900 July 21 J1 1,600 2,300 July 25 1,500 3,800 July 31 Adjusting 1,500 J2 5,300 Supplies No. 126 Explanation Ref Debit Credit Balance Date July 3 800 J1 800 July 31 Adjusting 200 J2 600 Prepaid Insurance No. 130 Explanation Ref Debit Credit Balance Date July 5 J1 1,608 1,608 July 31 Adjusting J2 134 1,474 Equipment No. 157 Explanation Date Ref Debit Credit Balance July 1 11,000 11,000 Accumulated Depreciation-Equipment No. 158 Explanation Ref Debit Credit Balance Date July 31 Adjusting J2 220 220 Accounts Payable No. 201 Explanation Debit Credit Balance Date Ref 7,800 July 1 J1 7,800 July 3 800 8,600 July 18 J1 1,200 7,400 Retained Earnings No.320 Explanation Ref Debit Credit Balance Date Closing July 31 J3 X July 31 Closing J3 Dividends No.332 Explanation Ref Debit Credit Balance Date July 31 700 700 July 31 Closing J3 700 Income Summary No.350 Explanation Ref Debit Credit Balance Date Closing July 31 J3 July 31 Closing J3 X Closing Duly 31 J3 Service Revenue No.400 Explanation Ref Debit Credit Balance Date July 12 J1 3,900 3,900 July 25 1,500 5,400 July 31 Adjusting J2 1,500 6,900 Closing July 31 J3 Gasoline Expense No.633 Explanation Ref Debit Credit Balance Date July 31 J1 300 300 X Closing July 31 J3 Sunplioc Exnance No 63A Service Revenue No.400 Explanation Ref Debit Credit Balance Date July 12 J1 3,900 3,900 July 25 J1 1,500 5,400 July 31 Adjusting 6,900 J2 1,500 July 31 Closing Gasoline Expense No. 633 Ref Explanation Debit Credit Balance Date July 31 300 J1 300 July 31 closing J3 Supplies Expense No.634 xplanation Ref Debit Credit Balance Date July 31 Adjusting 600 J2 600 closing J3 July 31 Depredation Expense No.711 Explanation Debit Date Ref Credit Balance 220 July 31 Adjusting 220 J2 July 31 Closing J3 Insurance Expense No. 722 Explanation Ref Debit Credit Balance Date July 31 Adjusting 134 J2 134 closing July 31 Salaries and Wages Expense No. 726 Explanation Ref Debit Credit Balance Date 1,600 July 20 1,600 July 31 Adjusting 2,000 J2 400 Closing J3 2000 2200 July 31 Xwww. 33 33