Accounting Cycle Review 4-01 a-i Mike Greenberg opened Ayayai Window Washing Co. on July 1, 2020. During July, the following transactions were completed.
Accounting Cycle Review 4-01 a-i Mike Greenberg opened Ayayal Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $8,900 cash in the company. 1 Purchased used truck for $5,920, paying $1,480 cash and the balance on account. 3 Purchased cleaning supplies for $670 on account. 5 Paid $1,320 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,740 for cleaning services performed. 18 Paid $740 cash on amount owed on truck and $370 on amount owed on cleaning supplies. 20 Paid $1,480 cash for employee salaries. 21 Collected $1,180 cash from customers billed on July 12. 25 Billed customers $1,850 for cleaning services performed. 31 Paid $210 for maintenance of the truck during month. 31 Owner withdrew $440 cash from the company. Joumali the July transactions. (Credit account titles are automatically indented was the amounts were. De not indet manually. Mecord journal entries in the order presented in the problem.) Date Accounties and Explanation To record shived in th ) To cond a nce of the truck) (Toroddwl withdras) to the Past in the order of journal LINK TO TEXT LINK TO TEXT LINK TO TEXT h a r balance at July 31. AYAYAI WINDOW WASHENG CO. Joum the following adju s . (Credit account thesare automatically indented where the amount is nerad. Do not inderat manually.) 1. Services performed but unbed and uncollected at July 31 $1 260. 2 Depreciation for the month $130. 3. One of the card. 4. A nil S240 ordning son and all 31. 5. Acord but unpaid amplo salaries w e $300. Debit Credit Sr. Date Account Tities and Esplanation 1. July 31 2. July 31 3. July 31 4 July 31 Paul adju st the accounts 8.90 Les 7/20 Prepaid Insurance Equipment S.920 ccumulated Depreciation Equipmen Accounts Payable Salaries and Wages Payable m 's Capital Maintenance and Repairs Expense Supplies Expanse Depreciation Expense Ensurance Expanse Salaries and Wages Expo AYAYAI WINDOW WASHING CO. h ome for July AYAYAI WINDOW WASHENG CO. LINK TO TEXT LINK TO TEXT LINK TO TEXT that increase w r's equity first.) Prepare an owner's equity statement for a list item AYAYAI WINDOW WASHING CO. Owner's Equity Statement Journal the closing unt . (Creche account tics are automatically indented was the amount is red. Do not indut manually.) Date Account Titles and Explanation Toot) Todo come to capital July 31 Te des drawings to capital 1 731 Counts Receivable 7/31 7/31 Bal 7/31 Bali 4,670 Supplies 6701231 240 Prepaid Insurance 1,3207/31 1,210 Equipment 5.9201 5.920 Accumulated Depreciation Equipment 1931 1131 Accounts Payable 731 Bal 13 Salaries and Wages Payable Owner's Drawings Encome Summary Service ce and Repairs Expres Supplies Expand 31 130 TUTTI Prepare a post-cong trabalance a July 31. AYAYAI WINDOW WASHENG CO. Post-Closing Trial Balance Accounting Cycle Review 4-01 a-i Mike Greenberg opened Ayayal Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $8,900 cash in the company. 1 Purchased used truck for $5,920, paying $1,480 cash and the balance on account. 3 Purchased cleaning supplies for $670 on account. 5 Paid $1,320 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,740 for cleaning services performed. 18 Paid $740 cash on amount owed on truck and $370 on amount owed on cleaning supplies. 20 Paid $1,480 cash for employee salaries. 21 Collected $1,180 cash from customers billed on July 12. 25 Billed customers $1,850 for cleaning services performed. 31 Paid $210 for maintenance of the truck during month. 31 Owner withdrew $440 cash from the company. Joumali the July transactions. (Credit account titles are automatically indented was the amounts were. De not indet manually. Mecord journal entries in the order presented in the problem.) Date Accounties and Explanation To record shived in th ) To cond a nce of the truck) (Toroddwl withdras) to the Past in the order of journal LINK TO TEXT LINK TO TEXT LINK TO TEXT h a r balance at July 31. AYAYAI WINDOW WASHENG CO. Joum the following adju s . (Credit account thesare automatically indented where the amount is nerad. Do not inderat manually.) 1. Services performed but unbed and uncollected at July 31 $1 260. 2 Depreciation for the month $130. 3. One of the card. 4. A nil S240 ordning son and all 31. 5. Acord but unpaid amplo salaries w e $300. Debit Credit Sr. Date Account Tities and Esplanation 1. July 31 2. July 31 3. July 31 4 July 31 Paul adju st the accounts 8.90 Les 7/20 Prepaid Insurance Equipment S.920 ccumulated Depreciation Equipmen Accounts Payable Salaries and Wages Payable m 's Capital Maintenance and Repairs Expense Supplies Expanse Depreciation Expense Ensurance Expanse Salaries and Wages Expo AYAYAI WINDOW WASHING CO. h ome for July AYAYAI WINDOW WASHENG CO. LINK TO TEXT LINK TO TEXT LINK TO TEXT that increase w r's equity first.) Prepare an owner's equity statement for a list item AYAYAI WINDOW WASHING CO. Owner's Equity Statement Journal the closing unt . (Creche account tics are automatically indented was the amount is red. Do not indut manually.) Date Account Titles and Explanation Toot) Todo come to capital July 31 Te des drawings to capital 1 731 Counts Receivable 7/31 7/31 Bal 7/31 Bali 4,670 Supplies 6701231 240 Prepaid Insurance 1,3207/31 1,210 Equipment 5.9201 5.920 Accumulated Depreciation Equipment 1931 1131 Accounts Payable 731 Bal 13 Salaries and Wages Payable Owner's Drawings Encome Summary Service ce and Repairs Expres Supplies Expand 31 130 TUTTI Prepare a post-cong trabalance a July 31. AYAYAI WINDOW WASHENG CO. Post-Closing Trial Balance
