Nancy Jackson opened Jackson Interior Decorating Service on July 1, 2022. During July, the company completed the following transactions July 1 1 3 5 12 18 20 21 25 31 31 Invested $18,100 cash in the business. Purchased a used sewing machine for $10,700, paying $2,700 cash and the balance on account Purchased supplies for $700 on account. Paid $1,524 on a 1-year insurance policy, effective July 1. Billed customers $3,700 for decorating services. Paid $1.200 of amount owed on sewing machine, and $210 of amount owed on supplies. Paid $1.700 for employee salaries. Collected $1,600 from customers billed on July 12. Billed customers $1,500 for decorating services. Paid utilities for the month $400. Withdrew $700 cash for personal use. (b) (c) Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet, and complete the worksheet. (1) Depreciation on equipment for the month was $250. (2) One-twelfth of the insurance expired. (3) An inventory count shows $200 of supplies on hand at July 31. (4) Unpaid employee salaries were $400. Account Titles Trial Balance Adjust Dr. Cr. Dr. Cash Accounts Receivable Supplies