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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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