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

July 1	Anya invested $20,200cash in the business.
1	Purchased used truck for $9,100, paying $3,800cash and the balance on account.
3	Purchased cleaning supplies for $1,900on account.
5	Paid $1,680cash on 1-year insurance policy effective July 1.
12	Billed customers $4,500for cleaning services.
18	Paid $1,600cash on amount owed on truck and $1,400on amount owed on cleaning supplies.
20	Paid $2,600cash for employee salaries.
21	Collected $3,500cash from customers billed on July 12.
25	Billed customers $5,900for cleaning services.
31	Paid $360 for the monthly gasoline bill for the truck.
31	Withdrew $5,600cash for personal use.

Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.)

Date	Account Titles and Explanation	Debit	Credit

(To record cash invested in business)

(To record truck purchased)

(To record gasoline expense)

(To record drawings)

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Post the July transactions. (Post entries in the order of journal entries posted above.)

Cash	No. 101
Date	Explanation	Debit	Credit	Balance

Accounts Receivable	No. 112
Date	Explanation	Debit	Credit	Balance

Supplies	No. 128
Date	Explanation	Debit	Credit	Balance

Prepaid Insurance	No. 130
Date	Explanation	Debit	Credit	Balance

Equipment	No. 157
Date	Explanation	Debit	Credit	Balance

Accounts Payable	No. 201
Date	Explanation	Debit	Credit	Balance

Owners Capital	No. 301
Date	Explanation	Debit	Credit	Balance

Owners Drawings	No. 306
Date	Explanation	Debit	Credit	Balance

Service Revenue	No. 400
Date	Explanation	Debit	Credit	Balance

Gasoline Expense	No. 633
Date	Explanation	Debit	Credit	Balance

Salaries and Wages Expense	No. 726
Date	Explanation	Debit	Credit	Balance

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Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet.

(1)	Unbilled and uncollected revenue for services performed at July 31 were $2,600.
(2)	Depreciation on equipment for the month was $400.
(3)	One-twelfth of the insurance expired.
(4)	An inventory count shows $700of cleaning supplies on hand at July 31.
(5)	Accrued but unpaid employee salaries were $1,050.

ANYAS CLEANING SERVICE Worksheet

Trial Balance

Adjustments

Adjusted Trial Balance

Income Statement

Balance Sheet

Account Titles

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

Accounts Receivable

Supplies

Prepaid Insurance

Equipment

Accounts Payable

Owners Capital

Owners Drawings

Service Revenue

Gasoline Expense

Salaries and Wages Expense

Totals

$

$

Depreciation Expense

Accum. Depr.Equipment

Insurance Expense

Supplies Expense

Salaries and Wages Payable

Totals

Net Income

Totals

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Prepare the income statement for July. AnyaS CLEANING SERVICE Income Statement

	$

	$

$ Link to Text

Prepare the owners equity statement for July. (List items that increase owner's equity first.) ANYAS CLEANING SERVICE Owners Equity Statement

$

:

:

$ Link to Text

Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) AnyaS CLEANING SERVICE Balance Sheet

Assets

	$

$

:

$

Liabilities and Owners Equity

	$

$

$ Link to Text

Journalize adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.)

Date	Account Titles and Explanation	Debit	Credit

(To record revenue earned)

(To record depreciation)

(To record insurance expired)

(To record supplies used)

(To record salaries payable)

Link to Text

Post adjusting entries. (Post entries in the order of journal entries posted above.)

Cash	No. 101
Date	Explanation	Debit	Credit	Balance
July 1	20,200	20,200
July 1	3,800	16,400
July 5	1,680	14,720
July 18	3,000	11,720
July 20	2,600	9,120
July 21	3,500	12,620