Mary Smith opened Sinith Interior Decorating Service on July 1, 2022. During July, the company completed the following transactions July 1 Invested $15,000 cashin the business. 1 Purchased a used sewing machine for $10,000, paying $2,500 cash and the balance on account: 3 Purchased supplies for $700 on account. 5 Paid $1,440 ona 1-year insurance policy, effective July 1 . 12. Billed customers $3,500 for decorating services. 18 Paid $1,000 of amount owed on sewirks machine, and $200 of amount owed on supplies. 20 Paid $1.500 for employee salaries. 21 Collected $1.500 from customers billed on July 12. 25 Billed customers $1,500 for decorating services. 31 Paid utilities for the month, $200. 31 Withdrew $500 cash for personal use. (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 $200. (2) One-twelfth of the insurance expired. (3) An inventory count shows $100 of supplies on hand at July 31 . (4) Unpaid employee salaries were $400. Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense Totals Depreciation Expense Accum. Depr.-Equipment Insurance Expense Totals Depreciation Expense Accum. Depr-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totais Net Income Totals eTextbook and Media List of Accounts