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. e 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 11 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 v Accounts Receivable 3900 Service Revenue July 181 Accounts Payable Cash 1490 July 201 Salaries and Wages Expense 1600 Cash July 21 Cash Accounts Receivable: July 25 Accounts Receivable: Service Revenue July 31 Utilities Expense Cash 1700 1500 300 3900 1490 1600 1700 1500 300 July 20 Salaries and Wages Expense Cash July 21 Cash Accounts Receivable July 25 Accounts Receivable Service Revenue July 31 Utilities Expense July 31 Cash (To record payment of utilities) Owner's Drawings Cash (To record cash withdrawal) 1600 1700 1500 300 600 1600 1700 1500 300 600 Question 1 of 1 Date Explanation Ref July 1 31 July 1 01 July 5 31 Cash Debit 16400 July 18 = 31 July 20 31 July 21 31 1700 July 31 " 31 July 31 31 Accounts Receivable Credit Balance No. 101 16400 2800 13600 1836 11764 1490 10274 1600 8674 10374 300 10074 600 9474 No 112 Accounts Receivable Date Explanation Ref Debit July 12 31 3900 July 21 31 July 25 31 1500 Supplies Date Explanation Ref Debit July 3 31 800 Prepaid Insurance Date Explanation Ref Debit July 5 1836 Equipment Date Explanation Ref Debit July 1 31 Credit Credit Credit Balance No. 112 3900 1700 2200 3700 Balance No. 126 800 Balance No. 130 Credit Balance 10400 1836 No. 157 10400 Date Explanation Ref Debit July 1 31 10400 Date Explanation Ref July 1 31 July 3 31 July 18 w 31 Accounts Payable Debit 1490 Owner's Capital Date Explanation Ref Debit July 1 31 Owner's Drawings Date Explanation Refi Debit July 31 31 600 Credit Credit 7600 Balance 10400 Balance No. 201 7600 800 8400 Credit 16400 Credit 6910 Balance No. 301 Balance 16400 No. 306 600 QuestionTVET Service Revenue Date Explanation Ref Debit Credit July 12 31 July 25 11 Salaries and Wages Expense Date Explanation Ref July 201 31 Date Explanation Ref July 31 31 eTextbook and Media List of Accounts Debit 1600 Utilities Expense Debit 300 Credit 3900 1500 Balance No. 400 3900 5400 Balance No. 726 1600 No. 732 Credit Balance 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. WORDWW12 do Accounting Cycle Practice set Question 1 of 1 Account Titles Trial Balance Cr. Dr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Adjustments 12.5/100 JONES INTERIOR DECORATING S Worksheet Adjusted Cr. Dr. Question 1 of 1 NES INTERIOR DECORATING SERVICE Worksheet Dr. Adjusted Trial Balance 12.5/100 E Income Statement 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 Depr-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals 12.5/100 E