WileyPLUS Assignment Week Four Complete the following in WileyPLUS: * Problem 4-8A Start Date: 30 Nov 2012 at 07:00 PM Due Date: Unlimited Student Access after Due Date: Yes. Attempts after Due Date will be Marked Late Graded: Yes P4-8A Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. July 1 Issued 11,000 shares of common stock for $11,000 cash. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account. July 3 Purchased cleaning supplies for $900 on account. July 5 Paid $1,800 cash on 1-year insurance policy effective July 1. July 12 Billed customers $3,200 for cleaning services. July 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. July 20 Paid $2,000 cash for employee salaries. July 21 Collected $1,400 cash from customers billed on July 12. July 25 Billed customers $2,500 for cleaning services. July 31 Paid $260 for gas and oil used in the truck during month. July 31 Declared and paid a $600 cash dividend. Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Date Account/Description Debit Credit July 1 (To record the issuance of stock) July 1 (To record the purchase of a truck) July 3 July 5 July 12 July 18 July 20 Print Assignment: WileyPLUS Assignment Week Four ::false http://edugen.wiley.com/edugen/shared/assignment/test/agprint.... 1 of 7 12/21/12 12:21 PM July 21 July 25 July 31 (Paid for gas and oil) July 31 (Declared and paid a dividend) Journalize the following adjustments. 1. Services provided but unbilled and uncollected at July 31 were $1,700. 2. Depreciation on equipment for the month was $250. 3. One-twelfth of the insurance expired. 4. An inventory count shows $360 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $400. Date Account/Description Debit Credit 1. July 31 2. July 31 3. July 31 4. July 31 5. July 31 Post the July transactions to the ledger accounts. (Use T accounts.) Post adjusting entries to the T accounts. Post closing entries and complete the closing process. (If answer is zero, please enter 0, do not leave any fields blank.) Cash Accounts Payable 7/1 7/1 7/18 7/1 7/21 7/5 7/3 7/18 7/31 Bal. 7/20 Print Assignment: WileyPLUS Assignment Week Four ::false http://edugen.wiley.com/edugen/shared/assignment/test/agprint.... 2 of 7 12/21/12 12:21 PM 7/31 Salaries Payable 7/31 7/31 7/31 Bal. 7/31 Bal. Accounts Receivable Common Stock 7/12 7/21 7/1 7/25 7/31 Bal. 7/31 7/31 Bal. Retained Earnings 7/31 7/31 Cleaning Supplies 7/31 Bal. 7/3 7/31 7/31 Bal. Dividends 7/31 7/31 7/31 Bal .