SCENARIO: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 $8,800, paying $4,100 cash and the balance on account.

3

Purchased cleaning supplies for $2,300 on account.

5

Paid $1,800 cash on 1-year insurance policy effective July 1.

12

Billed customers $4,600 for cleaning services.

18

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

20

Paid $2,500 cash for employee salaries.

21

Collected $3,500 cash from customers billed on July 12.

25

Billed customers $6,100 for cleaning services.

31

Paid $350 for the monthly gasoline bill for the truck.

31

Withdrew $5,700 cash for personal use.

PROBLEM: 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 $600.

(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 $1,100.

Trial Balance

Adjustments

Adjusted Trial Balance

Income Statement

Balance Sheet