8 9 10 11 112 13 14 Acel& 202- Acet 201 review - Comelian Window Washing Company 1. Brett Farve opened Cornelian Window Washing Inc. on July 1, 2021. During July the following transactions were completed. The chart of accounts is given so you do not have to create your own. It is on page 3. July 2021 3 1 1 # Day 1 2 1 3 4 5 5 12 6 13 22 7 18 20 20 20 20 21 225 26 31 31 Description Issued $9,000 of common stock for $9,000 of cash. Purchased used truck for $6,000, paying $3,000 in cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,200 cash on a 1-year insurance policy, effective July 1. Billed customers $2,500 for cleaning services. Brett got a phone call from a manager of a large office building (Axis Building). The manager asked Brett to prepare a bid sheet for washing all of his windows 4 times per month. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $1,200 cash for employee salaries. Brett met with the manager of the large office building (Axis Building) and submitted a bid of $5,500 for complete window washing maintenance 4 times per month. The manager liked the bid but had to discuss this large a contract with the owner. Brett is almost sure the work will come in starting August 1. Collected $1,400 cash from customers billed on July 12. Billed customers $2,000 for cleaning services. Brett got a phone call from the manager of the Axis Building. The owner was willing to pay $5,000 per month for 4 window washings. Brett considered the offer and said it seemed acceptable for him. The manager said to bring over the contract and start during the week of August 5th. Paid cash for gas and oil for month for truck of $200. When he picked up the truck after servicing the maintenance man told him the truck should be winterized before November. The cost for all th work would be $75. Brett made an appointment for winterization of the truck on September 13. page 2