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already solved question in chegg please don't copey from that write in your own worlds. Jaden Li opened Marigold Window Washing Co. on July 1,
already solved question in chegg please don't copey from that write in your own worlds.
Jaden Li opened Marigold Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Shareholders invested NT $11,280 cash in the business in exchange for ordinary shares, 1 Purchased used truck for NT\$7,520, paying NT\$1,880 cash and the balance on account. 3 Purchased cleaning supplies for NT\$846 on account. 5 Paid NT\$1,692 cash on a 1-year insurance policy effective July 1. 12 Billed customers NT\$3,478 for cleaning services performed. 18 Paid NT\$940 cash on amount owed on truck and NT $470 on amount owed on cleaning supplies. 20 Paid NT\$ 1,880 cash for employee salaries. 21 Collected NT\$1,504 cash from customers billed on July 12. 25 Billed customers NT\$2,350 for cleaning services performed. 31 Paid NT\$274 for maintenance of the truck during month. 31 Declared and paid a NT $564 cash dividend. The chart of accounts for Marigold Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Share CapitalOrdinary, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages ExpenseStep by Step Solution
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