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The chart of accounts for Kleene Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation - Equipment, Accounts Payable,
The chart of accounts for Kleene Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation
Equipment, Accounts Payable, Salaries and Wages Payable, Owner's Capital, Owner's Drawings, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense,
Depreciation Expense, Insurance Expense, and Salaries and Wages Expense.
Instructions
a Journalize the July transactions.
b Post to the ledger accounts. Use Taccounts.
c Prepare a trial balance at July
d Journalize the following adjustments.
Services performed but unbilled and uncollected at July were $
Depreciation on equipment for the month was $
One twelfth of the insurance expired.
A count shows $ of cleaning supplies on hand at July
Accrued but unpaid employee salaries were $
e Post adjusting entries to the Taccounts.
f Prepare an adjusted trial balance.
f Cash $
Prepare the income statement and an owner's equity statement for July and a classified balance sheet at July
g Tot. assets $
h Journalize and post closing entries and complete the closing process.
i Prepare a postclosing trial balance at July
Complete all steps in accounting cycle.
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