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Crane Clark opened Crane's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Crane invested $20,200 cash in the

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Crane Clark opened Crane's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Crane invested $20,200 cash in the business. 1 Purchased used truck for $9,200, paying $3,900 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,800 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies. 20 Paid $2,400 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 $5,500 cash for personal use. Prepare a trial balance at July 31 ona worksheet. Enter the following adjustments on the worksheet and complete the worksheet. (1) Unbilled and uncollected revenue for services performed at July 31 were $2,800. (2) Depreciation on equipment for the month was $500. (3) One-twelfth of the insurance expired. (4) Aninventory count shows $700 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $1,050. Accounts Recelvable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's 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 CRANES CLEANING SERVICE Worksheet ints AdjustedTrialBalanceIncomeStatementCr. 0

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