New Era Cleaning Service, Inc. opened for business on July 1, 2010. During the month of July, the following transactions occurred: July 1: Issued $18,000 of common stock for $18,000 cash. July 1: Purchased a truck for $11,000. Paid $4,000 in cash and borrowed the remainder (long term) from the bank. July 3: Purchased cleaning supplies for $900 on account. July 5: Paid $1,800 on a one-year insurance policy, effective July 1. July 12: Billed customers $4,800 for cleaning services. July 18: Paid $1,500 of the amount owed on the truck. July 18: Paid $500 of the amount owed on cleaning services. July 20: Paid $1,700 for employee salaries. July 21: Collected $1,200 from customers billed on July 12. July 25: Billed customers $1,900 for cleaning services. July 31: Paid gas and oil for the month on the truck, $500. July 31: Paid a $800 dividend. Please complete the following tasks: Post the July transactions to the general journal and the general ledger "T" account

Journal Entries
Date	Accounting titles & Explanations				Debit	Credit
1-Jul	Cash				18,000
	Common stock					18,000
1-Jul	Truck				11,000
	Cash					4,000
	long term loan					7,000
3-Jul	Supplies				900
	Accounts payable					900
5-Jul	prepaid insurance				1,800
	cash					1,800
12-Jul	Accounts receivable				4,800
	Service revenue					4,800
18-Jul	long term loan				1,500
	Cash					1,500
julu 18	Accounts payable				500
	Cash					500
20-Jul	Salaries& wages expense				1,700	1,700
	Cash
21-Jul	Cash				1,200
	Account receivable					1,200
25-Jul	Accounts receivable				1,900
	Service revenue					1,900
31-Jul	Utilitiy expense				500
	cash					500
31-Jul	Dividend				800
	cash					800
Cash					Common stock
1-Jul	18,000	1-Jul	4,000				1 juy	18,000
21-Jul	1,200	5-Jul	1,800				end bal	18,000
		18-Jul	1,500
		18-Jul	500		Truck
		20-Jul	1,700		1-Jul	11,000
		31-Jul	500		end bal	11,000
		31-Jul	800
End bal	8400				long term loan
					18-Jul	1,500	1-Jul	7,000
							end bal	5500
Supplies					Accounts payable
3-Jul	900				18-Jul	500	3-Jul	900
End bal	900						end bal	400
prepaid insurance					Accpunt receivable
5-Jul	1,800				12-Jul	4,800	21-Jul	1,200
end bal	1,800				25-Jul	1,900
					End bal	5500
Service revenue					Salaries& wages expense
		12-Jul	4,800		20-Jul	1,700
		25-Jul	1,900		end bal	1,700
		end bal	6,700
Utility expense					Dividend
31-Jul	500				31-Jul	800
end bal	500				end bal	800
THAT WAS MY ASSIGNMENT FOR LAST WEEK.

From the results of last week's assignment, Prepare an unadjusted trial balance; Post the following adjustments: (a) Earned but unbilled fees at July 31 were $1,400 (b) Depreciation for the month was $200 (c ) One-twelfth of the insurance expired (d) An inventory count showed $300 of cleaning supplies remaining on July 31 (e) Accrued but unpaid employee salaries were $500 Prepare an adjusted trial balance.

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