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 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. 21 25 31 31 Post the July transactions. (Post entries in the order of Journal entries presented above.) Date Explanation Ref Cash Debit Credit No. 101 Balance J1 31 V Ji J1 31 > > > > > 31 31 31 Accounts Receivable Ref Debit No. 112 Balance Credit antion Accounts Receivable Explanation Ref Debit Date No. 112 Balance Credit 11 31 J1 Supplies Debit No. 126 Balance Date Explanation Ref Credit 31 Prepaid Insurance Explanation Ref Debit No. 130 Balance Date Credit 31 Equipment Debit No. 157 Balance Date Explanation Ref Credit 11 Accounts Payable Dof Debit No. 201 Balance Date Fynlanation Credit Accounts Payable Expla.lation Ref Debit Date Credit No. 201 Balance > 31