Question 1 Mike Greenberg opened Sheffield Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,700 shares of common stock for $12,700 cash. 1 Purchased used truck for $8,480, paying $2,120 cash and the balance on account. 3 Purchased deaning supplies for $950 on account. S paid $1,920 cash on a 1-year Insurance policy effective July 1. 12 Billed customers $3,920 for cleaning services performed. 18 Paid $1,060 cash on amount owed on truck and $530 on amount owed on cleaning supplies. 20 paid $2,120 cash for employee salaries. 21 Collected $1,700 cash from customers billed on July 12. 25 Billed customers $2,650 for cleaning services performed 31 Paid $310 for maintenance of the truck during month. 31 Dedared and paid $640 cash dividend. The chart of accounts for Sheffield Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accu -Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary. Service Revenue, Maintenance Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. 6 Prepare a trial balance at July 31. SHEFFIELD WINDOW WASHING INC. Trial Balance Y Debit Credit U BURDA