Current Attempt in Progress Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Cullumber invested $20,100 cash in the business. 1 Purchased used truck for $9,100, paying $3,800 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,680 cash on a 1 -year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12 25 Billed customers $6,100 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck, 31 Withdraw $5,700 cash for personal use. Prepare a trial balance at fuly 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 $2,800. (2) Depreciation on equipment for the month was $500. (3) One-twelfth of the insurance expired. (4) An inventory count shows $700 of cleaning supplies on hand at July 31 . (5) Accrued but unpaid employee salaries were $1.020 Account Titles Trial Balance Cash Accounts Receivable Dr. Cr. Dr. Supplies Prepaid Insurance 6370 Ar \begin{tabular}{|r|} \hline 7200 \\ \hline \end{tabular} 2600 Equipment 22001680 Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals nenreriation fynence CULLUMBER'S CLEANINGSERVICE Worksheet Cr. Dr. Cr. Dr. Income St Question 1 of 1 CULLUMBER'S CLEANING SERVICE Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue: Expenses Supplies Expense Gasoline Expense: Depreciation Expense Insurance Expense Salaries and Wages Expense Total Expenses $ 1500 i $ 10500 Net income/ (Loss) eTextbook and Media List of Accounts Prepare the owner's equity statement for July. (List items that increase owner's equity first) CULLUMBER'S CLEANING SERVICE Balance Sheet July 31,202,2 Assets Current Assets Cash Accounts Receivable Supplies Prepaid insurance Tota Current Assets Property, Plant and Equigment Equlipment Net Income ( floss) Liabilities and Owner's Equity Question 1 of 1 7.12/20 Equipment Liabilities and Owner's Equity Current Labilities Accownts Payable Salaries and Wases Pyable Total Current Liabilities Owner's Equity Owner's Capital Q Total Liabilities and OWner's Equity eTextbook and Media List of Accounts Save for bater Attempts: 1 of 5 used Subanit Answer Date Account Titles and Explanation Debit Credit (To record revenue earned) (To record depreciation) (To record insurance expired) (To record supplies used) (To record solarles payable) Post adjusting entries. (Post entries in the order of journal entries posted above.) Adjusting Supplies No. 126 Date Explanation Debit Credit Balance July 3 2,200 2,200 Adjusting Prepaid Insurance No. 130 Date July 5 1.680 Credit Balance Adjusting Question 1 of 1 7.12/20 Question 1 of 1 7.12/20 Adjusting Gasoline Expense No. 633 Date Explanation Debit Credit Balance July 31 350 350 Supplies Expense No. 631 Date Explanation Debit Credit Balance Adjusting Depredation Expense No. 711 Date Explanation Debit Credit Balance Adjusting Adjusting Current Attempt in Progress Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Cullumber invested $20,100 cash in the business. 1 Purchased used truck for $9,100, paying $3,800 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,680 cash on a 1 -year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12 25 Billed customers $6,100 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck, 31 Withdraw $5,700 cash for personal use. Prepare a trial balance at fuly 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 $2,800. (2) Depreciation on equipment for the month was $500. (3) One-twelfth of the insurance expired. (4) An inventory count shows $700 of cleaning supplies on hand at July 31 . (5) Accrued but unpaid employee salaries were $1.020 Account Titles Trial Balance Cash Accounts Receivable Dr. Cr. Dr. Supplies Prepaid Insurance 6370 Ar \begin{tabular}{|r|} \hline 7200 \\ \hline \end{tabular} 2600 Equipment 22001680 Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals nenreriation fynence CULLUMBER'S CLEANINGSERVICE Worksheet Cr. Dr. Cr. Dr. Income St Question 1 of 1 CULLUMBER'S CLEANING SERVICE Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue: Expenses Supplies Expense Gasoline Expense: Depreciation Expense Insurance Expense Salaries and Wages Expense Total Expenses $ 1500 i $ 10500 Net income/ (Loss) eTextbook and Media List of Accounts Prepare the owner's equity statement for July. (List items that increase owner's equity first) CULLUMBER'S CLEANING SERVICE Balance Sheet July 31,202,2 Assets Current Assets Cash Accounts Receivable Supplies Prepaid insurance Tota Current Assets Property, Plant and Equigment Equlipment Net Income ( floss) Liabilities and Owner's Equity Question 1 of 1 7.12/20 Equipment Liabilities and Owner's Equity Current Labilities Accownts Payable Salaries and Wases Pyable Total Current Liabilities Owner's Equity Owner's Capital Q Total Liabilities and OWner's Equity eTextbook and Media List of Accounts Save for bater Attempts: 1 of 5 used Subanit Answer Date Account Titles and Explanation Debit Credit (To record revenue earned) (To record depreciation) (To record insurance expired) (To record supplies used) (To record solarles payable) Post adjusting entries. (Post entries in the order of journal entries posted above.) Adjusting Supplies No. 126 Date Explanation Debit Credit Balance July 3 2,200 2,200 Adjusting Prepaid Insurance No. 130 Date July 5 1.680 Credit Balance Adjusting Question 1 of 1 7.12/20 Question 1 of 1 7.12/20 Adjusting Gasoline Expense No. 633 Date Explanation Debit Credit Balance July 31 350 350 Supplies Expense No. 631 Date Explanation Debit Credit Balance Adjusting Depredation Expense No. 711 Date Explanation Debit Credit Balance Adjusting Adjusting