Show Attempt History Current Attempt in Progress Ivanhoe Clark opened Ivanhoe's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Ivanhoe invested $20,000 cash in the business. 1 Purchased used truck for $8,900, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,300 on account. 5 Paid $1,920 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 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 $3,300 cash from customers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Withdraw $5,600 cash for personal use. Income Statement Balance Sheet Dr Cr. Dr 6020 i 9700 500 i 1760 i 8900 13000 360 3510 400 i 160 1800 i 6230 13000 6770 Income Statement Balance Sheet Dr. Cr Dr. Cr. 6020 i i 9700 500 i 1760 8900 i 4300 i i 20000 i i 13000 360 i 3510 400 400 160 i i 1800 i 1010 6230 13000 25710 6770 Save for Later Attempts: 0 of 5 used Submit Answer (f1) Your answer is partially correct. Journalize closing entries and complete the closing process. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.) Date Account Titles and Explanation Debit Credit July 31 Depreciation Expense 400 Accumulated Depreciation Equipment (To close revenue account) July 31 Prepaid Insurance 1760 Insurance Expense MONNI (To close expense accounts) July 31 Supplies Expense 1800 Supplies (To close net income / (loss)) July 31 Salaries and Wages Expense 1010 Salaries and Wages Payable (To close drawings) e Textbook and Media List of Accounts Save for Later Attempts: 1 of 5 used Submit Answer 18 Prepare a post-closing trial balance at July 31. IVANHOE'S CLEANING SERVICE Post-Closing Trial Balance Debit Credit Cash $ 6020 $ Accounts Receivable 9700 Supplies 500 Prepaid Insurance 1760 Equipment 8900 Accounts Payable 400 Owner's Capital 4300 Service Revenue 10 Totals e Textbook and Media List of Accounts last saved 13 hours ago Attempts: 0 of 5 used Submit