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Pharoah Clark opened Pharoah's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 20 21 25 31 31 Pharoah invested $20,200 cash in the business. Purchased used truck for $9,100, paying $3,800 cash and the balance on account. Purchased cleaning supplies for $1,900 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $4,500 for cleaning services. Faid $1,600 cash on amount owed on truck and $1,400 on amount ow on cleaning supplies. Paid $2,600 cash for employee salaries. Collected $3,500 cash from customers billed on July 12. Billed customers $5,900 for cleaning services. Paid $360 for the monthly gasoline bill for the truck. Withdraw $5,600 cash for personal use. CO

Pharoah Clark opened Pharoah's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Pharoah invested $20,200 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 $1,900 on account. 5 Paid $1,680 cash on a 1 -year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Fid $1.600 cash on amount owed on truck and $1,400 on amount owed on cieaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,500 cash from customers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $360 for the monthly gasoline bil for the truck. 31 Withdraw $5,600 cash for personal use. \& Your answer is partially correct. Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg: (45)J PFIAKUPTTS EEEAIVINUSERVICE Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue Expenses Gasoline Expense $ 360 Salaries and Wages Expense Miscellancous Expense Supplies Expense Depreciation Expense Total Expenses Net Income / (Loss) Pharoah Clark opened Pharoah's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Pharoah invested $20,200 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 $1,900 on account. 5 Paid $1,680 cash on a 1 -year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Fid $1.600 cash on amount owed on truck and $1,400 on amount owed on cieaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,500 cash from customers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $360 for the monthly gasoline bil for the truck. 31 Withdraw $5,600 cash for personal use. \& Your answer is partially correct. Prepare the income statement for July. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg: (45)J PFIAKUPTTS EEEAIVINUSERVICE Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue Expenses Gasoline Expense $ 360 Salaries and Wages Expense Miscellancous Expense Supplies Expense Depreciation Expense Total Expenses Net Income / (Loss)

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