The trial balance of Kinnear Dry Cleaners on June 30 is given here
The trial balance of Kinnear Dry Cleaners on June 30 is given here. KINNEAR DRY CLEANERS Trial Balance June 30, 2012 Debit Credit Cash $12,532 Accounts Receivable 10,536 Supplies 3,592 Equipment 25,950 Accounts Payable $15,800 Unearned Service Revenue 1,810 Common Stock 35,000 $52,610 $52,610 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.