Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carla Vista Clark opened Carla Vista's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Carla Vista invested $19,800

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Carla Vista Clark opened Carla Vista's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Carla Vista invested $19,800 cash in the business. 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1 -year insurance policy effective July 1. 12 Billed customers $4,600 for cleaning services. 18 Paid $1,400 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12 . 25 Billed customers $6,100 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Withdraw $5,700 cash for personal use. Post the July transactions. (Post entries in the order of journal entries posted above.) \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Service Revenue } & No. 400 \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{4}{|c|}{ Gasoline Expense } & No. 633 \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & & & & \\ \hline \multicolumn{4}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & & & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Planning A Risk Based Approach

Authors: K. H. Spencer Pickett

1st Edition

047169052X, 978-0471690528

More Books

Students also viewed these Accounting questions