Accounting

Sheridan Clark opened Sheridan's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 3 12 18 20 21 25 31 31 Sheridan invested $20,100 cash in the business. Purchased used truck for $9,200, paying $4, 100 cash and the balance on account. Purchased cleaning supplies for $2,000 on account Paid $1,680 cash on a I -year insurance policy effective July l. Billed customers $4,400for cleaning services. Paid $1,500 cash on amount owed on truck and $ 1400 on amount owed on cleaning suppli. Paid $2,600 cash for a-nployeesalaries. Collected $3,500 cash from customers billed on July 12. Billed customers for cleaning services. Paid $350 for the monthly gasoline bill for the truck Withdraw $5,700 cash for personal use. SHERIDAN'S CLEANING SERVICE Balance Sheet Assets Liabilities and Owner's Equity