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Anya Clark opened Anyas Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya invested $19,800 cash in the

Anya Clark opened Anya’s Cleaning Service on July 1, 2017. During July, the following transactions were completed.

July 1


Anya invested $19,800 cash in the business.

1


Purchased used truck for $8,800, paying $3,800 cash and the balance on account.

3


Purchased cleaning supplies for $1,900 on account.

5


Paid $1,680 cash on 1-year insurance policy effective July 1.

12


Billed customers $4,400 for cleaning services.

18


Paid $1,400 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies.

20


Paid $2,400 cash for employee salaries.

21


Collected $3,300 cash from customers billed on July 12.

25


Billed customers $5,900 for cleaning services.

31


Paid $340 for the monthly gasoline bill for the truck.

31


Withdrew $5,500 cash for personal use.


Required:

Prepare the owner’s equity statement for July.

Prepare the income statement for July.

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