I need help with part (b) and (c) only because part (a) has been completed alrea
ID: 2546096 • Letter: I
Question
I need help with part (b) and (c) only because part (a) has been completed already.
(b) Prepare a trial balance at July 31 on a worksheet. (c) Enter the following adjustments on the worksheet, and complete the worksheet. Comprehensive Problem 4 (Part Level Submission) Ashley Williams opened Ashley's Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions. July 1 Invested $16,800 cash in the business. 1 Purchased a used truck for $10,100, paying $2,900 cash and the balance on account. 3 Purchased cleaning supplies for $700 on account. 5 Paid $1,476 on a one-year insurance policy, effective July 1. 12 Billed customers $3,500 for cleaning services. 18 Paid $1,100 of amount owed on truck, and $220 of amount owed on cleaning supplies 20 Paid $1,600 for employee salaries. 21 Collected $1,600 from customers billed on July 12 25 Billed customers $1,700 for cleaning services. 31 Paid gasoline for the month on the truck, $300. 31 Withdrew $800 cash for personal use. Your answer is partially correct. Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order present in the problem.) Date Account Titles and Explanation Debit uly 1 Cash 16800 Owner's Capital 16800 To record cash investment)Explanation / Answer
ASHLEY'S MAIDS CLEANING SERVICE
Work sheet
Adjustments
Trail Balance
Income statement
Balance sheet
Debit
credit
Debit
credit
Debit
credit
Debit
credit
Debit
credit
Cash
8404
8404
8404
Accounts receivable
5200
1400
6600
6600
Cleaning supplies
700
500
200
200
Prepaid insurance
1476
123
1353
1353
Truck
13000
13000
13000
Accounts Payable
9480
9480
9480
Owner capital
16800
16800
20027
Drawings
800
800
800
Service revenue
5200
1400
6600
6600
Gas and oil expense
300
300
300
Salaries expense
1600
600
2200
2200
Total
Depreciation
250
250
250
Accumulated depreciation
250
250
250
Insurance expense
123
123
123
Cleaning supplies expense
500
500
500
salaries payable
600
600
600
Total
2873
2873
33730
33730
3373
6600
30357
30357
Net income
0
3227
6600
6600
Date
Accounts and explanation
Debit
credit
Jul-31
Accounts receivables
1400
Service revenue
1400
Jul-31
Depreciation - truck
250
Accumulated depreciation - truck
250
Jul-31
Insurance expense
123
Prepaid insurance
123
Jul-31
Salaries expense
600
salaries Payable
600
ASHLEY'S MAIDS CLEANING SERVICE
Work sheet
Adjustments
Trail Balance
Income statement
Balance sheet
Debit
credit
Debit
credit
Debit
credit
Debit
credit
Debit
credit
Cash
8404
8404
8404
Accounts receivable
5200
1400
6600
6600
Cleaning supplies
700
500
200
200
Prepaid insurance
1476
123
1353
1353
Truck
13000
13000
13000
Accounts Payable
9480
9480
9480
Owner capital
16800
16800
20027
Drawings
800
800
800
Service revenue
5200
1400
6600
6600
Gas and oil expense
300
300
300
Salaries expense
1600
600
2200
2200
Total
Depreciation
250
250
250
Accumulated depreciation
250
250
250
Insurance expense
123
123
123
Cleaning supplies expense
500
500
500
salaries payable
600
600
600
Total
2873
2873
33730
33730
3373
6600
30357
30357
Net income
0
3227
6600
6600
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