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Accounting Cycle Review 4-01 a-i (Part Level Submission) Mike Greenberg opened Ayayai Window Washing Co. on July 1, 2020. During July, the following transactions were
Accounting Cycle Review 4-01 a-i (Part Level Submission)
Mike Greenberg opened Ayayai Window Washing Co. on July 1, 2020. During July, the following transactions were completed.
July 1 | Owner invested $14,400 cash in the company. | ||
1 | Purchased used truck for $9,600, paying $2,400 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $1,080 on account. | ||
5 | Paid $2,160 cash on a 1-year insurance policy effective July 1. | ||
12 | Billed customers $4,440 for cleaning services performed. | ||
18 | Paid $1,200 cash on amount owed on truck and $600 on amount owed on cleaning supplies. | ||
20 | Paid $2,400 cash for employee salaries. | ||
21 | Collected $1,920 cash from customers billed on July 12. | ||
25 | Billed customers $3,000 for cleaning services performed. | ||
31 | Paid $350 for maintenance of the truck during month. | ||
31 | Owner withdrew $720 cash from the company. |
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