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 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 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. Joumalize adjusting entries. (Credit occount titles are outomotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter Ofor the amounts.) 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 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 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. 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 $2,700. (2) Depreciation on equipment for the month was $500. (3) One-twelfth of the insurance expired. (4) An inventory count shows $700 of cleaning supplies on hand at July 31. (5) Accrued byt unpaid employee salaries were $1,100. Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number eg. -45 or porentheses e.g. (45).) Prepare the owner's equity statement for July. (List items that increase owner's equity first.)