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Problem 4-05A a-g (Part Level Submission) (Video) Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July

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Problem 4-05A a-g (Part Level Submission) (Video) Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Cullumber invested $19,800 cash in the business. 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,920 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,400 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2,500 cash for employee salaries. 21 Collected $3,500 cash from customers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $340 for the monthly gasoline bill for the truck. 31 Withdraw $5,600 cash for personal use. (b) and (c) Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet (1) Unbilled and uncollected revenue for services performed at July 31 were $2,600. (2) Depreciation on equipment for the month was $400. (3) One-twelfth of the insurance expired. (4) An inventory count shows $700 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $1,080. CULTUMIR'S CLEANING SERVICE Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Actum. D u pment Insurance Experise Salaries and Wages Payable Totals Net Income Totals Click if you would like to show Work for this question Open Show

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