Anya Clark opened Anya’s Cleaning Service on July 1, 2017. During July, the following transactions were completed.

July 1		Anya invested $19,800 cash in the business.
1		Purchased used truck for $8,800, paying $3,800 cash and the balance on account.
3		Purchased cleaning supplies for $1,900 on account.
5		Paid $1,680 cash on 1-year insurance policy effective July 1.
12		Billed customers $4,400 for cleaning services.
18		Paid $1,400 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies.
20		Paid $2,400 cash for employee salaries.
21		Collected $3,300 cash from customers billed on July 12.
25		Billed customers $5,900 for cleaning services.
31		Paid $340 for the monthly gasoline bill for the truck.
31		Withdrew $5,500 cash for personal use.

Required:

Prepare the owner’s equity statement for July.

Prepare the income statement for July.

Answer rating: 100% (QA)

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