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Harry Harper LLC opened for business on July 1, 2017. During July the following transactions were completed. July 1: Harry invested $18,000 cash in the

Harry Harper LLC opened for business on July 1, 2017. During July the following transactions were completed.

July 1: Harry invested $18,000 cash in the business.

July 1: Purchased used truck for $9,000, paying $2,000 cash and the balance on account.

July 3: Purchased cleaning supplies for $1,800 on account.

July 5: Paid $4,800 cash on two-year insurance policy effective July 1.

July 12: Billed customers $1,500 for cleaning services.

July 18: Paid $2,000 cash on amount owed on truck and $800 on amount owed on cleaning supplies.

July 20: Paid $1,700 cash for employee salaries.

July 21: Collected $400 cash from customers billed on July 12.

July 25: Billed customers $9,000 for cleaning services.

July 31: Paid gas and oil for month on truck $400.

July 31: Withdrew $500 cash for personal use.

The following adjusting entries are required for July 31:

Services provided but unbilled and uncollected at July 31 were $1,000.

Harry invested additional $1,500

Depreciation on equipment for the month was $350.

One month of the insurance expired.

An inventory count shows $400 of cleaning supplies on hand at July 31.

Accrued but unpaid employee salaries were $700.

2. Prepare the following financial statements as of July 31, 2017

Income statement -

Owners equity statement

Balance sheet

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