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a? Current Attempt in Progress Lee Chang opened Blossom's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 1
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Current Attempt in Progress Lee Chang opened Blossom's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 1 1 5 12 Invested $ 22,000 cash in the business. 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. Billed customers $ 3,500 for cleaning services, Purchased supplies for $2,100 on account Paid $3,000 for employee salaries. Billed customers $ 9,000 for cleaning services. Collected $ 3,500 from customers billed on July 5. Paid $550 for repairs on the truck. Withdrew $ 2,300 cash for personal use. 18 25 28 31 31 (a) Journalize and post the July transactions to the general ledger. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Credit Debit Account Titles and Explanation Date Account Titles and Explanation Debit Credit (To record cash invested in the business) LS (To record purchase of truck) (To record payment of insurance) | (To record payment of fuel) e (To record cash withdrawal for personal use) Cash Date Explanation Ref. Debit Credit Balance July 1 J1 1 J1 1 J1 18 J1 28 J1 31 J1 31 J1 Accounts Receivable Date Explanation Ref. Debit Credit Balance July 5 J1 25 J1 28 J1 Supplies Date Explanation Ref. Debit Credit Balance July 12 J1 Prepaid Insurance Date Explanation Ref. Debit Credit Balance July 1 J1 Vehicles Date Explanation Ref. Debit Credit Balance July 1 J1 Accounts Payable Date Explanation Ref. Debit Credit Balance July 12 J1 Notes Payable Date Explanation Ref. Debit Credit Balance July 1 J1 L. Chang, Capital Date Explanation Ref. Debit Credit Balance July 1 J1 L. Chang, Drawings Date Explanation Ref. Debit Credit Balance July 31 J1 L. Chang, Capital Date Explanation Ref. Debit Credit Balance July 1 J1 L. Chang, Drawings Date Explanation Ref. Debit Credit Balance July 31 J1 Service Revenue Date Explanation Ref. Debit Credit Balance July 5 J1 25 J1 Repairs Expense Date Explanation Ref. Debit Credit Balance July 31 J1 Salaries Expense Date Explanation Ref. Debit Credit Balance July 18 J1 Step by Step Solution
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