View Policies Show Attempt History Current Attempt in Progress Barbara Jones opened Jones Interior Decorating Service on July 1, 2022. During July, the company completed the following transactions July 1 Invested $16,400 cash in the business. Purchased a used sewing machine for $10,400, paying $2.800 cash and the balance on account. 1 3 Purchased supplies for $800 on account. 5 Paid $1,836 on a 1-year insurance policy, effective July 1. 12 Billed customers $3,900 for decorating services. 18 Paid $1,200 of amount owed on sewing machine, and $290 of amount owed on supplies. 20 Paid $1,600 for employee salaries. 21 Collected $1,700 from customers billed on July 12. 25 Billed customers $1.500 for decorating services. 31 Paid utilities for the month, $300. 31 Withdrew $600 cash for personal use. Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the Date Account Titles and Explanation July 1 Cash July 1 July 3 Owner's Capital (To record cash investment) Equipment Cash Accounts Payable (To record purchase of sewing machine) Supplies Accounts Payable July 5 Prepaid Insurance Debit 16400 10400 800 1836 Credit 16400 2800 7600 800 Question 1 of 1 July 12 Accounts Receivable 3900 Service Revenue July 181 Accounts Payable Cash 1490 July 201 Salaries and Wages Expense 1600 Cash July 21 Cashi 1700 Accounts Receivable: July 25 Accounts Receivable: 1500 Service Revenue July 31 v Utilities Expense Cash 300 3900 1490 1600 1700 1500 300 July 20 Salaries and Wages Expense 1600 Cash July 21 Cash Accounts Receivable July 25 Accounts Receivable Service Revenue July 31 Utilities Expense Cash July 31 (To record payment of utilities) Owner's Drawings Cash (To record cash withdrawal) 1700 1500 300 600 1600 1700 1500 300 600 Question 1 of 1 Date July 1 Explanation Ref 31 July 1 31 July 5 31 July 18 31 = July 201 31 Cash Debit 16400 July 21~ 31 1700 July 31 31 July 31 31 Credit Balance No. 101 16400 2800 13600 1836 117641 1490 10274 1600 8674 10374 300 10074 600 9474 Accounts Receivable Date Explanation Ref Debit July 12 31 July 21 31 July 25 31 Supplies Date Explanation Ref Debit July 3 31 Date Explanation Ref July 5 Prepaid Insurance Debit Equipment Date Explanation Ref Debit July 1 31 3900 1500 800 1836 10400 Credit Balance No. 112 3900 1700 2200 3700 No. 126 Credit Balance Credit Balance Credit Balance 800 No. 130 1836 No. 157 10400 Balance No. 201 7600 800 8400 Accounts Payable Date Explanation Ref Debit Credit July 1 31 7600 July 3 31 July 18 v 31 1490 Owner's Capital Date Explanation Ref Debit Credit July 1 31 Owner's Drawings Date Explanation Ref Debit Credit = July 31 31 600 6910 No. 301 16400 Balance Balance 16400 No. 306 600 QuestionEVET Service Revenue Date Explanation Ref Debit Credit Balance No. 400 July 12 31 3900 ' 3900 July 25 11 1500 5400 Salaries and Wages Expense Date Explanation Ref July 201 31 Date Explanation Ref July 311 31 eTextbook and Media List of Accounts Debit Utilities Expense Debit 1600 Credit Balance No. 726 1600 No. 732 Credit Balance 300 300 (b) and (c) (b) Prepare a trial balance at July 31 on a worksheet. (c) Enter the following adjustments on the worksheet, and complete the worksheet. (1) Depreciation on equipment for the month was $290. One-twelfth of the insurance expired. (2) (3) (4) Unpaid employee salaries were $600. An inventory count shows $100 of supplies on hand at July 31. WORDHW12 do Accounting Sycle Practice set Question 1 of 1 Cash Account Titles Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings 12.5/100 E JONES INTERIOR DECORATING S Worksheet Trial Balance Adjustments Adjusted Dr. Cr. Dr. Cr. Dr. Question 1 of 1 NES INTERIOR DECORATING SERVICE Worksheet Dr. Adjusted Trial Balance Cr. Dr. Income Statement 12.5/100 E Balance Sheet Cr. Dr. Cr. Accounting Cycle Practice Set Question 1 of 1 Service Revenue Salaries and Wages Expense Utilities Expense Totals Depreciation Expense Accum Deor-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals 12.5/100 E