At June 30, 2022, the end of its most recent fiscal year, Bramble Computer Consultants post-closing trial balance was as follows: Debit Credit Cash $4080 Accounts receivable 940 540 $310 Supplies Accounts payable Unearned service revenue Owner's capital 870 4,380 $5,560 $5,560 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Bramble conducted the following transactions during July 2022, and adjusts its accounts monthly. July 1 2 3 3 6 9 10 13 Purchased equipment paying $3,600 cash and signing a 2-year note payable for $15,600. The equipment has a 4- year useful life. The nate has a 6% interest rate which is payable on the first day of each following month. Owner invested $39.000 cash in the company Paid $3,000 cash for a 12-month insurance policy effective July 1. Paid the first 2 July and August 2022) months' rent for an annual lease of office space for $3,100 per month Paid $3,000 for supplies. Visited dient offices and agreed on the terms of a consulting project. Bramble will bill the client, Connor Productions, on the 20th of each month for services performed. Collected $940 cash on account from Milani Brothers. This client was billed in June when Bramble performed the service. Performed services for Fitzgerald Enterprises. This client paid $270 in advance last month. All services relating to this payment are now completed. Paid $310 cash for a utility bill. This related to June utilities that were accrued at the end of June. Met with a new client, Thunder Bay Technologies. Received $9,400 cash in advance for future services to be performed Paid semi-monthly salaries for $2,600. Performed services worth $21,800 on account and billed customers. Received a bill for $1,700 for advertising services received during July. The amount is not due until August 15. Performed the first phase of the project for Thunder Bay Technologies. Recognized $7,800 of revenue from the cash advance received July 16. Received $11,700 cash from customers billed on July 20. 14 16 18 20 20 23 27 Adjustment data: 1. 2. Adjustment of prepaid insurance. Adjustment of prepaid rent. Supplies used. $1,000 3. 4. 5. Equipment depreciation, $400 per month. Accrual of interest on note payable. Salaries for the second half of July $4,600, to be paid on August 1. Estimated utilities expense for July, $620 (invoice will be received in August). 6. 7. X Your answer is incorrect. Prepare an owner's equity statement for July, BRAMBLE COMPUTER CONSULTANTS Owner's Equity Statement V e Textbook and Media List of Accounts * Your answer is incorrect Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) BRAMBLE COMPUTER CONSULTANTS Balance Sheet Assets nnnnnn AM Liabilities and Owner's Equity V in nnii