(b) and (c) Your answer is partially correct. 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. Trial Balance Adjus Account Titles Dr. Cr. Dr. 6280 i ts Receivable 7000 i 2600 5 2000 i Insurance 1680 i i ent 9000 i i ts Payable i 4200 s Capital 20000 s Drawings 5700 i Revenue 10400 e Expense 340 and Wages Expense 2600 i wordshel WOTE Jal 31. 122 Trial Balance Adjustments Adjusted Trial Dance Income Statement Account Titles Dr. Cr DE . Cr. Dr. Cr. Dr. Cr. Dr. Cash 6230 Accounts Receivaba 70 200 1 1 Supplies om i 16 - - - - - - - - - - Prepaid Insurance I. VOU Aux Pipelin --- Om 20000 Owner's Dawings 5700 1 Service Revenue Hon 200 anon In Greine Excerer 1401 i TOOD, TUND.000 Salarne WITH 2000 2800 Total: HOW Depreciation En 40 Boom. Depriment 400 120 Insurance Expense Sprin Sabian Wille Totals Nasle resu Question 1 of 1 4.92 / 20 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sect Dr. Cr. Dr. Cr. Dr. Cr. Cr. Dr. 22001 d 20 . 7350 1 00 ------ 4200 2000 10400 10000 an 1 2001 Hoon H. 100 1 i ti Your answer is partly correct Property on worksheet Enorthewing the wriche and complete the worse Unbilled and cold revenue for perfomedy 31 wore 52.600 7) Deportementh $400 a) One-walth of the Tourenca pred Alitory courtshowa E500 of changeuple enhed 5 Accrued but urpoldnesdarle were 51010 PHARCAMSCI FANING SERVK Widget July 1 2022 This Ads Acht THB Incore Bram Ralance sheer Aunties r CE Dr. Dr. 1 1 1 7000 . 2000 . 1 1 1 1 ples 2000 PEPE Propole D Aaaaak| 1 1 1 . Ortal Owner's Drawing 1 5700 | 1 Service . 200 1 GP 340 1 1 340 1 Serial Wage 2400 1 1 1 letab Deprecation Artur an 49 1 1 KLASE PER Sple posse Salaries and Wages Poyable 1 board, Tetas Vet income Total (b) and (c) (d1) Prepare the income statement for July (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) PHAROAH'S CLEANING SERVICE Income Statement $ $ e Textbook and Media List of Accounts Save for Later (d2) Prepare the owner's equity statement for July. (List items that increase owner's equity first.) PHAROAH'S CLEANING SERVICE Owner's Equity Statement $ (e2) Post adjusting entries. (Post entries in the order of journal entries posted above.) Cash No. 101 Date Explanation Debit Credit Balance July 1 20,000 20,000 July 1 4,100 15,900 July 5 1,680 14,220 July 18 2,700 11,520 July 20 2,600 8,920 July 21 3,400 12,320 July 31 340 11,980 July 31 5,700 6,280 Accounts Receivable No. 112 Date Explanation Debit Credit Balance July 14 4,400 4,400 July 21 3,400 1,000 July 25 6.000 7,000 Adjusting Supplies No. 126 Date Explanation Debit Credit Balance July 3 2,000 2,000 Adjusting Prepaid Insurance No. 130 Date Explanation Debit Credit Balance July 5 1,680 1,680 Adjusting Equipment No. 157 Date Explanation Debit Credit Balance Question 1 of 1 Equipment No. 157 Date Explanation Debit Credit Balance July 1 9,000 9,000 Accumulated Depreciation Equipment No. 158 Date Explanation Debit Credit Balance Adjusting Accounts Payable No. 201 Date Explanation Debit Credit Balance July 1 4,900 4,900 July 3 2,000 6,900 July 18 2,700 4,200 Salaries and Wages Payable No. 212 Date Explanation Debit Credit Balance Adjusting Owner's Capital No. 301 Date Explanation Debit Credit Balance July 1 20,000 20,000 Owner's Drawings No. 306 Date Explanation Debit Credit Balance July 31 5,700 5,700 Service Revenue No. 400 Date Explanation Debit Credit Balance July 14 4.400 4,400 July 25 6.000 10.400 Adjusting Gasoline Expense No. 633 Date Explanation Debit Credit Balance July 31 340 340 Supplies Expense No. 631 Date Explanation Debit Credit Balance Question 1 of 1
