Problem 4 5A (Part Level Submission) Anya Clark opened Anyas Cleaning Service on July 1, 2017 During July, the following transactions were completed July 1 Anya invested $20,000 cash in the business 1 Purchased used truck for $8,900, paying $4,000 cash and the balance on account 3 Purchased cleaning supplies for $2,300 on account 5 Paid $1,920 cash on 1 year insurance policy effective July 1 12 Billed customers $4,500 for cleaning services 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies 20 Paid $2,500 cash for employee salaries 21 Collected $3,300 cash from customers billed on July 12 25 Billed customers $5,900 for cleaning services 31 Paid $360 for the monthly gasoline bill for the truck 31 Withdrew $5,600 cash for personal use 1 Prepare a trial balance at July 31 on a worksheet Enter the following adjustments on the worksheet and complete the worksheet (1) Unbilled and uncollected revenue for services performed at July 31 were $2,600 (2) Depreciation on equipment for the month was $400 (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 $1,010 2 Prepare an income statement for JULY 3 Prepare the owner's equilty statement for JULY I would prefer the setup being in a worksheet like format but your method is welcome Thanks for the help I have some images of what I've done as well so far Journalize the July transactions (Credit account titles are automatically indented when amount is enter Date Account Titles and Explanation Debit Credit 20000 Owner's Capital 20000 (To record cash invested in business) Equipment 8900 t Accounts Payable 4900 (To record truck purchased) 2300 2300 Accounts Payable Prepaid Insurance 1920 1920 July 12 T Accounts Receivable 4500 Service Revenue 4500 Accounts Payable 2900 Lash 2900 July 20 alaries and Wages Expen 2500 Lash 2500 3300 Accounts Receivable 3300 July 25 T Accounts Receivable 5900 Service Revenue 5900 Gasoline Expense (To record gasoline expense) Jul Owner's Drawings 5600 G 5600 (To record drawings)

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Problem 4-5A (Part Level Submission) Anya Clark opened Anyas Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya

Problem 4-5A (Part Level Submission)

Anya Clark opened Anyas Cleaning Service on July 1, 2017. During July, the following transactions were completed.

July 1

Anya invested $20,000 cash in the business.

Purchased used truck for $8,900, paying $4,000 cash and the balance on account.

Purchased cleaning supplies for $2,300 on account.

Paid $1,920 cash on 1-year insurance policy effective July 1.

Billed customers $4,500 for cleaning services.

Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies.

Paid $2,500 cash for employee salaries.

Collected $3,300 cash from customers billed on July 12.

Billed customers $5,900 for cleaning services.

Paid $360 for the monthly gasoline bill for the truck.

31 Withdrew $5,600 cash for personal use.

#1 Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet.

(1)		Unbilled and uncollected revenue for services performed at July 31 were $2,600.
(2)		Depreciation on equipment for the month was $400.
(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 $1,010.

2. Prepare an income statement for JULY

3. Prepare the owner's equilty statement for JULY

I would prefer the setup being in a worksheet like format but your method is welcome! Thanks for the help!

I have some images of what I've done as well so far

image text in transcribed

Journalize the July transactions. (Credit account titles are automatically indented when amount is enter Date Account Titles and Explanation Debit Credit 20000 Owner's Capital 20000 (To record cash invested in business) Equipment 8900 t Accounts Payable 4900 (To record truck purchased) 2300 2300 Accounts Payable Prepaid Insurance 1920 1920 July 12 T Accounts Receivable 4500 Service Revenue 4500 Accounts Payable 2900 Lash 2900 July 20 alaries and Wages Expen 2500 Lash 2500 3300 Accounts Receivable 3300 July 25 T Accounts Receivable 5900 Service Revenue 5900 Gasoline Expense (To record gasoline expense) Jul Owner's Drawings 5600 G 5600 (To record drawings)