Sandhill Clark opened Sandhill's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Sandhill invested $20,000 cash in the business. 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,600 for cleaning services. 18 20 21 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $340 for the monthly gasoline bill for the truck. 31 Withdraw $5,500 cash for personal use. Owner's Capital, July 1 Add Investments Net Income (Loss) Less : Drawings SANDHILL'S CLEANING SERVICE Owner's Equity Statement For the Month Ended July 31, 2022 $ 20000 7120 $ 0 12880 14500 5500 i Owner's Capital, July 31 $ 20000 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Current Assets Cash Supplies Accounts Receivable Prepaid Insurance Property, Plant and Equipment Less Accumulated Depreciation-Equipment SANDHILL'S CLEANING SERVICE Balance Sheet July 31, 2022 Assets Current Liabilities Accounts Payable Salaries and Wages Payable Total Current Liabilities Total Liabilities Owner's Capital Total Liabilities and Owner's Equity Liabilities and Owner's Equity $ $