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5676835&th 177cfc721723 views Principles of Financi How to Analyse NASA's Marspor NASA's Mars Explor (1902-Chl ping power by PARTA Alamein opened Alame Cleaning Services (ACS)
5676835&th 177cfc721723 views Principles of Financi How to Analyse NASA's Marspor NASA's Mars Explor (1902-Chl ping power by PARTA Alamein opened Alame Cleaning Services (ACS) on July 1, 2017. During July, the following transactions took place July 1 Alamein invested $20,000 in the business July 1 ACS purchased a used truck for $12,000, paying $4,000 cash, with the balance on account. The track is expected to be used for 5 years and after which it will disposed off for $2.000 July 3 ACS purchased cleaning supplies for $2,100 on account July 5 ACS pad $1,800 cash on 1-year insurance policy effective July 1" July 12 ACS billed customers $4,500 for cleaning services July 18 ACS paid $1,500 cash on amount owed on track and $1,400 montowed on cleaning supplies July 20 ACS paid $2,800 cash for employee salaries July 21 ACS collected $3,400 cash from customers billed on July 12 July 25 ACS billed customers $6,000 for cleaning services July 31 ACS paid $350 for the monthly gasoline bill for the truck July 31 ACS withdrew $5,600 cash for personal use. Required 1 Prepare journal entries for the above transactions Pout the journal entries into the ledger 3 Extract a trial balance as at July 31 2017
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