Problem 4-05A a-g (Part Level Submission) (Video) Ivanhoe Clark opened Ivanhoe's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Ivanhoe invested $20,000 cash in the business. 1 Purchased used truck for $8,900, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,300 on account. 5 Paid $1,920 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2,500 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Withdraw $5,600 cash for personal use. (d2) Prepare the owner's equity statement for July. (List items that increase owner's equity IVANHOE'S CLEANING SERVICE Owner's Equity Statement For the Month Ended July 31, 2020 Owner's Capital, July 1 20000 Less Net Income / (Loss) 6770 Drawings 5600 7630 27630 Less Expenses 6230 Net Income / (Loss) 21400 Click if you would like to Show Work for this question: Open Show Work