Journalize and post the August transactions. Use pageJ1 for the journal.Prepare atrial balance at...Journalize and...

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Accounting

Journalize and post the August transactions.  Use pageJ1 for the journal.
Prepare atrial balance at August 31.
Journalizeand post the adjusting entries.  Use page J2 for thejournal.
Prepare anadjusted trial balance at August 31.
Prepare theIncome Statement and Statement of Owners Equity for August.
Prepare aclassified Balance Sheet at August 31, 2018.
Journalizeand post the closing entries.  Use page J3 for thejournal.
Prepare apost-closing trial balance at August 31.
Joshua Sand opened Sunshine Cleaning Service on August 1, 2018.During August, the company completed the followingtransactions:
Aug 1 Owner Joshua Sand invested $40,000 cash and $6,800 of cleaningequipment in the business.
1 Purchased a used truck for $12,000, paying $3,000 cash and thebalance on account.
3 Purchased cleaning supplies for $1,475 on account.
5 Paid $1,800 on a one-year insurance policy, effective August1.
12 Billed customers $5,982 for cleaning services.
18 Paid $1,500 of amount owed on truck.
19 Paid $475 of amount owed for cleaning supplies.
20 Paid $1,025 for employee salaries.
21 Collected $4,225 from customers billed on August 12.
25 Billed customers $4,075 for cleaning services.
31 Paid gasoline for the month on the truck, $215.
31 Owner Joshua Sand withdrew $1,100 for personal use.
Adjustments:
Aug 31 Earned but unbilled fees at August 31 were $2,875.
Depreciation on truck for the month was $250.
One-twelfth of the insurance expired.
An inventory count shows $625 of cleaning supplies on hand atAugust 31.
Accrued but unpaid employee salaries were $695.

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In the books of Sunshine Cleaning Services Date Account Titles Debit Credit Aug 1 Cash 40000 Equipment 6800 J Sand Capital 46800 Aug 1 Equipment 12000 Cash 3000 Accounts Payable 9000 Aug 3 Supplies 1475 Accounts Payable 1475 Aug 5 Prepaid Insurance 1800 Cash 1800 Aug 12 Accounts Receivable 5982 Service Revenue 5982 Aug 18 Accounts Payable 1500 Cash 1500 Aug 19 Accounts Payable 475 Cash 475 Aug 20 Salaries Expense 1025 Cash 1025 Aug 21 Cash 4225 Accounts Receivable 4225 Aug 25 Accounts Receivable See Answer

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In: AccountingJournalize and post the August transactions. Use pageJ1 for the journal.Prepare atrial balance at...Journalize and post the August transactions. Use pageJ1 for the journal.Prepare atrial balance at August 31.Journalizeand post the adjusting entries. Use page J2 for thejournal.Prepare anadjusted trial balance at August 31.Prepare theIncome Statement and Statement of Owners Equity for August.Prepare aclassified Balance Sheet at August 31, 2018.Journalizeand post the closing entries. Use page J3 for thejournal.Prepare apost-closing trial balance at August 31.Joshua Sand opened Sunshine Cleaning Service on August 1, 2018.During August, the company completed the followingtransactions:Aug1Owner Joshua Sand invested $40,000 cash and $6,800 of cleaningequipment in the business.1Purchased a used truck for $12,000, paying $3,000 cash and thebalance on account.3Purchased cleaning supplies for $1,475 on account.5Paid $1,800 on a one-year insurance policy, effective August1.12Billed customers $5,982 for cleaning services.18Paid $1,500 of amount owed on truck.19Paid $475 of amount owed for cleaning supplies.20Paid $1,025 for employee salaries.21Collected $4,225 from customers billed on August 12.25Billed customers $4,075 for cleaning services.31Paid gasoline for the month on the truck, $215.31Owner Joshua Sand withdrew $1,100 for personal use.Adjustments:Aug31Earned but unbilled fees at August 31 were $2,875.Depreciation on truck for the month was $250.One-twelfth of the insurance expired.An inventory count shows $625 of cleaning supplies on hand atAugust 31.Accrued but unpaid employee salaries were $695.