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Accounting Cycle Review 4-01 a-i Mike Greenberg opened Flint Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1
Accounting Cycle Review 4-01 a-i Mike Greenberg opened Flint Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $13,700 cash in the company. 1 Purchased used truck for $9,120, paying $2,280 cash and the balance on account. 3 Purchased cleaning supplies for $1,030 on account. 5 Paid $2,040 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,220 for cleaning services performed. 18 Paid $1,140 cash on amount owed on truck and $570 on amount owed on cleaning supplies. 20 Paid $2,280 cash for employee salaries. 21 Collected $1,820 cash from customers billed on July 12. 25 Billed customers $2,850 for cleaning services performed. 31 Paid $330 for maintenance of the truck during month. 31 Owner withdrew $680 cash from the company. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash 3700 OUT UULULIT Accounts Receivable X god Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense Prepare a trial balance at July 31. FLINT WINDOW WASHING CO. Trial Balance
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