Crane Clark opened Crane's Cleaning Service on July 1, 2022. During July, the following transactions were completed.

July 1		Crane invested $20,100cash in the business.
1		Purchased used truck for $8,800, paying $4,200cash and the balance on account.
3		Purchased cleaning supplies for $1,900on account.
5		Paid $1,920cash on a 1-year insurance policy effective July 1.
12		Billed customers $4,600for cleaning services.
18		Paid $1,400cash on amount owed on truck and $1,500on amount owed on cleaning supplies.
20		Paid $2,600cash for employee salaries.
21		Collected $3,300cash from customers billed on July 12.
25		Billed customers $5,900for cleaning services.
31		Paid $360 for the monthly gasoline bill for the truck.
31		Withdraw $5,600cash for personal use.

Crane Clark opened Crane's Cleaning Service on July 1, 2022. During July, the following transactions were completed.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 $2,700.
(2)		Depreciation on equipment for the month was $500.
(3)		One-twelfth of the insurance expired.
(4)		An inventory count shows $700of cleaning supplies on hand at July 31.
(5)		Accrued but unpaid employee salaries were $1,000.

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CRANE'S CLEANING SERVICE Worksheet choose the accounting period July 31, 2022For the Month Ended July 31, 2022For the Year Ended July 31, 2022Incorrect answer
		Trial Balance		Adjustments		Adjusted Trial Balance		Income Statement		Balance Sheet
Account Titles		Dr.		Cr.		Dr.		Cr.		Dr.		Cr.		Dr.		Cr.		Dr.		Cr.
Cash		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Accounts Receivable		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountCorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balance		enter a credit balance
Supplies		enter a debit amountIncorrect answer		enter a credit amountCorrect answer		enter a debit amountCorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceCorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Prepaid Insurance		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Equipment		enter a debit amountIncorrect answer		enter a credit amount		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Accounts Payable		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Owner's Capital		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Owner's Drawings		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Service Revenue		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Gasoline Expense		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Salaries and Wages Expense		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit amountCorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Totals		$enter a total for the debit column Incorrect answer		$enter a total for the credit column Incorrect answer
Depreciation Expense						enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceCorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Accum. Depr.Equipment						enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Insurance Expense						enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Supplies Expense						enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Salaries and Wages Payable						enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter an adjusted debit balanceIncorrect answer		enter an adjusted credit balanceIncorrect answer		enter a debit amountIncorrect answer		enter a credit amountIncorrect answer		enter a debit balanceIncorrect answer		enter a credit balanceIncorrect answer
Totals						enter a total for the debit columnIncorrect answer		enter a total for the credit columnIncorrect answer		enter a total for the debit columnIncorrect answer		enter a total for the credit columnIncorrect answer		enter a total for the debit columnIncorrect answer		enter a total for the credit columnIncorrect answer		enter a total for the debit columnIncorrect answer		enter a total for the credit columnIncorrect answer
Net Income														enter a total net income or loss amountIncorrect answer		enter a total net income or loss amountIncorrect answer		enter a total net income or loss amountIncorrect answer		enter a total net income or loss amountIncorrect answer
Totals														enter a total of the two previous amountsIncorrect answer		enter a total of the two previous amountsIncorrect answer		enter a total of the two previous amountsIncorrect answer		enter a total of the two previous amountsIncorrect answer

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(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).)

CRANE'S CLEANING SERVICE Income Statement choose the accounting period For the Year Ended July 31, 2022For the Month Ended July 31, 2022July 31, 2022
select an opening name for section one DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, March 1Owner's Capital, March 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item		$enter a dollar amount
select an opening name for section two DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, March 1Owner's Capital, March 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, March 1Owner's Capital, March 31RevenuesTotal ExpensesTotal Revenues		enter a total amount for section two
select a closing name for this statement DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, March 1Owner's Capital, March 31RevenuesTotal ExpensesTotal Revenues		$enter a total net income or loss amount

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(d2)

how do i Prepare the owner's equity statement for July. (List items that increase owner's equity first.)

CRANE'S CLEANING SERVICE Owner's Equity Statement choose the accounting period July 31, 2022For the Year Ended July 31, 2022For the Month Ended July 31, 2022
select an opening name DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, July 1Owner's Capital, July 31RevenuesTotal ExpensesTotal Revenues		$enter a dollar amount
select between addition and deduction AddLess:
select an item DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, July 1Owner's Capital, July 31RevenuesTotal ExpensesTotal Revenues	$enter a dollar amount
select an item DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, July 1Owner's Capital, July 31RevenuesTotal ExpensesTotal Revenues	enter a dollar amount
		enter a subtotal of the two previous amounts
		enter a total amount for the first part
select between addition and deduction AddLess:select an item DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, July 1Owner's Capital, July 31RevenuesTotal ExpensesTotal Revenues		enter a dollar amount
select a closing name DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, July 1Owner's Capital, July 31RevenuesTotal ExpensesTotal Revenues		$enter a total amount

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July 1		Crane invested $20,100cash in the business.
1		Purchased used truck for $8,800, paying $4,200cash and the balance on account.
3		Purchased cleaning supplies for $1,900on account.
5		Paid $1,920cash on a 1-year insurance policy effective July 1.
12		Billed customers $4,600for cleaning services.
18		Paid $1,400cash on amount owed on truck and $1,500on amount owed on cleaning supplies.
20		Paid $2,600cash for employee salaries.
21		Collected $3,300cash from customers billed on July 12.
25		Billed customers $5,900for cleaning services.
31		Paid $360 for the monthly gasoline bill for the truck.
31		Withdraw $5,600cash for personal use.