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1. Services of $1,800 were provided but remained unbilled and uncollected at July 31. 2. The truck has an estimated useful life of five years.

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1. Services of $1,800 were provided but remained unbilled and uncollected at July 31. 2. The truck has an estimated useful life of five years. 3. One twelfth of the insurance expired. 4. An inventory count shows $700 of supplies on hand at July 31. Accrued but unpaid employee salaries were $1,500. 5. 6. The note payable has a 6% annual interest rate. a 1 a Lee Chang opened Ivanhoe's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $26,000 cash in the business. 1 Purchased a used truck for $25,200, paying $5,200 cash and signing a note payable for the balance. Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed customers $4,400 for cleaning services. Purchased supplies for $2,000 on account. Paid $3,000 for employee salaries. 25 Billed customers $9,700 for cleaning services. Collected $4,400 from customers billed on July 5. 31 Paid $550 for repairs on the truck. 12 18 28 31 Withdrew $2,200 cash for personal use. 1. Services of $1,800 were provided but remained unbilled and uncollected at July 31. 2. The truck has an estimated useful life of five years. 3. One twelfth of the insurance expired. 4. An inventory count shows $700 of supplies on hand at July 31. Accrued but unpaid employee salaries were $1,500. 5. 6. The note payable has a 6% annual interest rate. a 1 a Lee Chang opened Ivanhoe's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $26,000 cash in the business. 1 Purchased a used truck for $25,200, paying $5,200 cash and signing a note payable for the balance. Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed customers $4,400 for cleaning services. Purchased supplies for $2,000 on account. Paid $3,000 for employee salaries. 25 Billed customers $9,700 for cleaning services. Collected $4,400 from customers billed on July 5. 31 Paid $550 for repairs on the truck. 12 18 28 31 Withdrew $2,200 cash for personal use

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