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Sandhill Clark opened Sandhill's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Sandhill

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Sandhill Clark opened Sandhill's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Sandhill invested $20,000 cash in the business. Purchased used truck for $9,100, paying $4,200 cash and the balance on account Purchased cleaning supplies for $2,200 on account Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. Paid $2,600 cash for employee salaries. Collected $3,300 cash from customers billed on July 12. Billed customers $6,000 for cleaning services. Paid $340 for the monthly gasoline bill for the truck Withdraw $5,500 cash for personal use. 20 21 25 31 31 Post closing entries. (Post entries in the order of journal entries posted above.) No. 101 Cash Debit Date Explanation Credit Balance July 1 20,000 20,000 July 1 4,200 15,800 July 5 1.680 14,120 July 18 2.900 11.220 July 20 2.600 8.620 July 21 3.300 11.920 July 31 340 11.580 July 31 5,500 6,080 No. 112 Accounts Receivable Debit Date Explanation Credit Balance July 12 4,600 4,600 July 21 3,300 1.300 July 25 6,000 7,300 July 31 Adjusting 2.700 Supplies Debit Date Explanation Credit July 3 2.200 10.000 No. 126 Balance 2.200 700 No. 130 Balance July 31 Adjusting 1.500 Prepaid Insurance Date Explanation Debit Credit July 5 1.680 1.680 July 31 Adjusting 140 1.540 No. 157 Equipment Debit Date Explanation Credit Balance July 1 9.100 9.100 No. 158 Balance Date Credit July 31 Accumulated Depreciation-Equipment Explanation Debit Adjusting Accounts Payable Explanation Debit 500 500 No. 201 Balance Date Credit July 1 4,900 4,900 July 3 2,200 7,100 July 18 2,900 4,200 Salaries and Wages Payable No. 212 Date Explanation Debit Credit Balance July 31 Adjusting 1,100 1.100 Owner's Capital Debit No. 301 Date Explanation Credit Balance July 1 20,000 20,000 Closing Closing No. 306 Owner's Drawings Debit Date Explanation Credit Balance July 31 5,500 5,500 Closing Income Summary No. 350 Date Explanation Debit Credit Balance Closing Closing Closing Service Revenue No. 400 Balance Date Explanation Debit Credit July 12 4.600 4.600 July 25 6,000 10,600 July 31 Adjusting 2.700 13.300 Closing Gasoline Expense No. 633 Date Explanation Debit Credit Balance July 31 340 340 Closing Supplies Expense No. 631 Date Explanation Debit Credit Balance July 31 1.500 1.500 Closing No. 711 Depreciation Expense Explanation Debit Date Credit Balance July 31 Adjusting 500 500 Closing Insurance Expense No. 722 Date Explanation Debit Credit Balance July 31 Adjusting 140 140 Closing No. 726 Salaries and Wages Expense Explanation Debit Date Credit Balance 2.600 2,600 July 20 1.100 3,700 July 31 Adjusting Closing Prepare a post-closing trial balance at July 31 SANDHILL'S CLEANING SERVICE Post-Closing Trial Balance Debit Credit

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