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Crane Clark opened Cranes Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1Crane invested $19,900 cash in the business.

Crane Clark opened Cranes Cleaning Service on July 1, 2020. During July, the following transactions were completed.
July 1Crane invested $19,900 cash in the business.
1Purchased used truck for $8,800, paying $3,900 cash and the balance on account.
3Purchased cleaning supplies for $2,000 on account.
5Paid $1,800 cash on 1-year insurance policy effective July 1.
12Billed customers $4,500 for cleaning services.
18Paid $1,600 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies.
20Paid $2,500 cash for employee salaries.
21Collected $3,400 cash from customers billed on July 12.
25Billed customers $6,000 for cleaning services.
31Paid $350 for the monthly gasoline bill for the truck.
31Withdraw $5,600 cash for personal use.
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(22) Prepare the owner's equity statement for July (List items that increase owner's equity first.) CRANE'S CLEANING SERVICE Owner's Equity Statement $

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