Mike Greenberg opened Pina Colada Window Washing Inc. on July 1, 2022. During July, the following...
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Mike Greenberg opened Pina Colada Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. Issued 11,500 shares of common stock for $11,500 cash. Purchased used truck for $7.500, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $800 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $3,900 for cleaning services performed. Paid $1,100 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $1,800 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,300 for cleaning services performed. Paid $290 for maintenance of the truck during month. Declared and paid $500 cash dividend. July 1 1 3 5 12 18 20 21 25 31 31 The chart of accounts for Pina Colada Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. for the account titles and enter for the amounts Date Account Titles and Explanation MacBook Air Debit GALE Credit estion 1 of 1 MacBook Air -/50 Mike Greenberg opened Pina Colada Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. Issued 11,500 shares of common stock for $11,500 cash. Purchased used truck for $7.500, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $800 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $3,900 for cleaning services performed. Paid $1,100 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $1,800 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,300 for cleaning services performed. Paid $290 for maintenance of the truck during month. Declared and paid $500 cash dividend. July 1 1 3 5 12 18 20 21 25 31 31 The chart of accounts for Pina Colada Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. for the account titles and enter for the amounts Date Account Titles and Explanation MacBook Air Debit GALE Credit estion 1 of 1 MacBook Air -/50
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Data July 1 3 ACCOUNT TIME and Explanation cash 12 19 20 R 20 251 311 31 common Fock truck cash Acco... View the full answer
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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