Problem Data For the Month Ended July 31, 2014 Fred Squeaky opened Squeaky Cleaning Service on July 1, 2014. During July, the company completed the following transactions. July 1 Stockholders invested $15,000 cash in the business in exchange for common stock. 1 Purchased a used cleaning truck for $10,000, paying $3,000 cash and the balance on account 3 Purchased cleaning supplies for $1,700 on account 5 Paid $1,800 on a one-year insurance policy, effective July 1 12 Billed customers $4,200 for cleaning services 18 Paid $1,000 of amount owed on truck, and $400 of amount owed on cleaning supplies 20 Paid $1,900 for employee salaries 21 Collected $2,400 from customers billed on July 12 25 Billed customers $2,100 for cleaning services 31 Paid gasoline for the month on the truck, $400 31 Declared and paid a $500 cash dividend The chart of accounts for Squeaky Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Deprciation-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. 633 Gasoline Expense, No. 634 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Sles and Wages Expense Requirements Journalize and post the July transactions. Tranactions should be posted to both the general journal and the respective ledger account. Prepare a trial balance at July 31 on a worksheet. Trial balance should total S28,600 Enter the following adjustments on the worksheet, and complete the worksheet Unbilled fees for services performed at July 31 were $1,300 Depreciation on equipment for the month was $200 One-twelfth of the insurance expired An inventory count shows $280 of cleaning supplies on hand at July 31 Accrued but unpaid employee salaries were $630 Squeaky Prepare the income statement and retained earnings statement for July, and a classified balance sheet at July 31, 2014. Net Income will be $2,900 and total assets are $25,330 Journalize and post the adjusting entries. Use page J2 of the general journa Do not forget to post these entries to the respective ledger account ournalize and post the closing entries, and complete the closing process. Use page J3 of the general journal Prepare a post-closing trial balance at July 31. Final balance will be $25,50