Julie Molony opened Julie's Maids Cleaning Service on July 1, 2010. During July, the company completed the transactions.

July 1 Invested $14,000 cash in the business
1 Purchased a used truck for $10,000 paying $3,000 cash and the balance on account.
3 Purchased cleaning supplies for $800 on account
5 Paid $1,800 on a one-year insurance policy, effective July 1
12 Billed customers $3,800 for cleaning services
18 Paid $1,000 of amount owed on truck, and $400 of amount owed on cleaning supplies
20 Paid $1,600 for employee salaries
21 Collected $1,400 from customers billed on July 12
25 Billed customers $1,500 for cleaning services
31 Paid gas and oil for the month on the truck $400
31 Withdrew $600 cash for personal use

a) Journalize and post the July transactions.
b) Prepare a trial balance at July 31 on a worksheet
c) Enter the adjustments
1) Earned but unbilled fees as July 31 were $1,300
2) Depreciation on equipment for the month was $200
3) one-twelfth of the insurance expired
4) An inventory count shows $100 of cleaning on hand July 31
5) Accrued but unpaid employee salaries were $500

d) prepare the income statement and statement of owner's equity for July, and a classified balance sheet at July 31, 2010
e) Journalize and post the adjusting entries
f) Journalize and post the closing entries and complete the closing process
g) Prepare a post-closing trial balance at July 31

First thing you need to do is analyze the transactions and figure out what accounts are affected, for example the first transaction is the owner is investing cash into the business so the accounts are Cash and Owners Capital account. Your steps are listed for you, so just do it!! We are not here to do your work for you, but if you have a specific question we will help you with that.