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Barbara Cart opened Barbara's Cleaning Service on July 1, 2020 During July the following transactions were completed July 1 Shareholders invested (17200 cash in the

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Barbara Cart opened Barbara's Cleaning Service on July 1, 2020 During July the following transactions were completed July 1 Shareholders invested (17200 cash in the business in exchange for ordinary shares 1 Purchased used truck for C10,320. paying 3.440 cash and the balance on account 3 Purchased deaning supplies for C1,806 on account. S Paid ( 548 cash on 1-year insurance policy effective July 1 12 Billed customers (3,870 for cleaning services 18 Paid 1 290 cash on amount owed on truck and 1 204 on amount owed on cleaning supplies. 20 Paid 2.408 cash for employee salaries 21 Collected 2,924 cash from customers billed on July 12. 25 Billed customers 5,160 for cleaning services. 31 Paid 301 for the monthly gasoline bill for the truck. 31 Declared and paid 4,816 cash dividends. The chart of accounts for Barbara Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Share Capital-Ordinary, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. REQUIRED 1. Journalize the March transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter 0 for the amounts.) 2. Post the March transactions. (Post entries in the order of journal entries posted above.) 3. Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet. (1) (2) (3) Unbilled and uncollected revenue for services performed at July 31 were 2,322 Depreciation on equipment for the month was 430. One-twelfth of the insurance expired. An inventory count shows 516 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were 860

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