Blossom Clark opened Blossom's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Blossom invested $20,000 cash in the business. 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,900 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 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 $3,500 cash from customers billed on July 12 . 25 Billed customers $6,000 for cleaning services. 31 Paid $340 for the monthly gasoline bill for the truck.

A. Journalize the July Transactions.

A2. Post the July Transactions.

B&C. Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet.

(1). Unbilled and uncollected revenue for services performed at July 31 were $2,800.

(2). Depreciation on equipment for the month was $500.

(3). One-twelfth of the insurance expired.

(4). An inventory count shows $500 of cleaning supplies on hand at July 31.

(5). Accrued but unpaid employee salaries were $1070.

D1. Prepare the income statement for July.

D2. Prepare the owner's equity statement for July.

D3. Prepare a classified balance sheet at July 31.