FILL IN INCOME STATEMENT

Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Stockholders invested $20,000 cash in the business in exchange for common stock. Purchased used truck for $8,800, paying $4,100 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies. Paid $2,500 cash for employee salaries. Collected $3,500 cash from customers billed on July 12. Billed customers $6,100 for cleaning services. Paid $350 for the monthly gasoline bill for the truck. Paid a $5,700 cash dividend. 20 21 25 31 31 The chart of accounts for Whispering Winds's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. (1) (2) (3) (4) (5) Unbilled and uncollected revenue for services performed at July 31 were $2,600. Depreciation on equipment for the month was $600. One-twelfth of the insurance expired. An inventory count shows $500 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were $1,100. Accounts Title Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock Dividends Service Revenue Gasoline Expenses Salaries and Wages Expenses Total Depreciation Expense Accumulated Depreciation - Equipment Insurance Expense Supplies Expenses Salaries and Wages Payable Total Net Income Total Whispering Winds's Cleaning Service Work Sheet July 31 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. $ 6,050 $ 6,050 $ 6,050 $ 7,200 $ 2,600 $ 9,800 $ 9,800 $ 2,300 $ 1,800 $ 500 $ 500 $ 1,800 $ 150 $ 1,650 $ 1,650 $ 8,800 $ 8,800 $ 8,800 $ 4,000 $ 4,000 $ 4,000 $ 20,000 $ 20,000 $ 20,000 $ 5,700 $ 5,700 $ 5,700 $ 10,700 $ 2,600 $ 13,300 $ 13,300 $ 350 $ 350 $ 350 $ 2,500 $ 1,100 $ 3,600 $ 3,600 $ 34,700$ 34,700 $ 600 $ 600 $ 600 $ 600 $ 600 $ $ 150 $ 150 $ 150 $ 1,800 $ 1,800 $ 1,800 $ 1,100 $ 1,100 $ 1,100 $ 6,250 $ 6,250 $ 39,000$ 39,000$ 6,500 $ 13,300 $ 32,500 $ 25,700 $ 6,800 $ 6,800 $ 13,300 $ 13,300 $ 32,500 $ 32,500 600 Prepare an income statement for July. (Enter negative amounts using either a negative sign preceding the number e.g. or parentheses e.g. (45).) Whispering Winds's Cleaning Service Income Statement $ $ $