the trial balance of kinnear dry cleaners on june 30 is given here 534357

The trial balance of Kinnear Dry Cleaners on June 30 is given here.

The July transactions were as follows.

July 8 Received $5,189 in cash on June 30 accounts receivable.

9 Paid employee salaries $2,100.

11 Received $7,320 in cash for services provided.

14 Paid creditors $9,810 of accounts payable.

17 Purchased supplies on account $720.

22 Billed customers for services provided $4,700.

30 Paid employee salaries $3,114, utilities $1,767, and repairs $386.

31 Paid $400 cash dividend.

Instructions

(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of July 1. Provision should be made for the following additional accounts: Dividends, Service Revenue, Maintenance and Repairs Expense, Salaries and Wages Expense, and Utilities Expense.

(b) Journalize the transactions, including explanations.

(c) Post to the ledger accounts.

(d) Prepare a trial balance on July 31, 2012.