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Sunland Clark opened Sunland's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Sunland invested $20,200 cash in the

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Sunland Clark opened Sunland's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Sunland invested $20,200 cash in the business. 1 Purchased used truck for $9,000, paying $3,800 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,400 cash on amount owed on truck and $1,300 on amount owed on deaning supplies. 20 Paid $2,400 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $6,100 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck 31 Withdraw $5,600 cash for personal use. 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 $2,700. (2) Depreciation on equipment for the month was $500. (3) One-twelfth of the insurance expired. An inventory count shows $600 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $1,090. Balance Sheet Income Statement Cr. Dr. Cr. Dr. i 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 (To close revenue account)

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