33 of 33 < > View Policies -/20 Current Attempt in Progress Heidi Jara opened Blue Spruce's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Stockholders invested $20,200 cash in the business in exchange for common stock. 1 Purchased used truck for $9,200, paying $3,900 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies. 20 Paid $2,400 cash for employee salaries. 21 Collected $3,400 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Paid a $5,500 cash dividend. !!! E The chart of accounts for Blue Spruce's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. Question 33 of 33 < - / 20 Journalize the July transactions. (Hint: Use Equipment instead of Truck.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record cash invested in business) (To record truck purchased) Debit Credit III Question 33 of 33 -/20 (To record gasoline expense) (To record dividends) Save for Later !!! Attempts: 0 of 1 used Submit