Acc 290 week 4-8A SOLUTIONS.Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed

WORD DOCUMENT SOLUTION for problem 4-8A

Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed;

July 1 Issued 16,344 shares of common stock for $16,344 cash.
1 Purchased used truck for $12,344, paying $2,193 cash and the balance on account.
3 Purchased cleaning supplies for $901 on account.
5 Paid $2,040 cash on a 1-year insurance policy effective July 1.
12 Billed customers $4,870 for cleaning services.
18 Paid $1,255 cash on amount owed on truck and $537 on amount owed on cleaning supplies.
20 Paid $2,174 cash for employee salaries.
21 Collected $1,758 cash from customers billed on July 12.
25 Billed customers $2,522 for cleaning services.
31 Paid $384 for maintenance of the truck during month.
31 Declared and paid $649 cash dividend.

Journalize the July transactions

Post to the ledger accounts

Prepare a trial balance at July 31.

Journalize the following adjustments.

Post adjusting entries to the T-accounts.

Prepare an adjusted trial balance.

Prepare the income statement for July.

Prepare a retained earnings statement for July

Prepare a classified balance sheet at July 31

Journalize closing entries.

Post closing entries and complete the closing process.

Prepare a post-closing trial balance at July 31.