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Blossom Clark opened Blossom's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Blossom invested $20,100 cash in the

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Blossom Clark opened Blossom's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Blossom invested $20,100 cash in the business. 1. Purchased used truck for $8,900, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,920 cash on a 1 -year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies. 20 Paid $2.500 cash for employee salaries. 21 Collected $3,400 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck 31 Withdraw $5,600 cash for personal use. 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 $2,700. (2) Depreciation on equipment for the month was $600. (3) One-twelfth of the insurance expired. (4) Aninventory count shows $600 of cleaning supplies on hand at July 31 (5) Accrued but unpaid employeesalaries were $1,070. Prepare a classified balance sheet at July 31 (Ust Current Assets in order of liquidity) 5 Liabilities and Owner's Equity 5 Journalize adiusting entries: (Credit account titles are automaticolly indented when amount is entered. Do not indent manually If no entry is required

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