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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, 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 T$-$accounts.$)$

c$.$ Prepare a trial balance at July $31.$

d$.$ Journalize the following adjustments.

Services performed but unbilled and uncollected at July $31$ were $$1,700.$

Depreciation on equipment for the month was $$180.$

One twelfth of the insurance expired.

A count shows $$320$ of cleaning supplies on hand at July $31.$

Accrued but unpaid employee salaries were $$400.$

e$.$ Post adjusting entries to the T$-$accounts.

f$.$ Prepare an adjusted trial balance.

f$.$ Cash $$5\mathrm{.}410$

Prepare the income statement and an owner's equity statement for July and a classified balance sheet at July $31.$

g$.$ Tot. assets $$21,500$

h$.$ Journalize and post closing entries and complete the closing process.

i$.$ Prepare a post$-$closing trial balance at July $31.$

Complete all steps in accounting cycle.

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