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completing the Accounting cycle? #6 Oriole Clark opened Oriole's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1
completing the Accounting cycle? #6
Oriole Clark opened Oriole's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 Oriole invested $20,200 cash in the business. Purchased used truck for $9,200, paying $4,000 cash and the balance on account Purchased cleaning supplies for $2,300 on account Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $4,400 for cleaning services 5 12 July 1 Oriole invested $20,200 cash in the business. 1 3 Purchased used truck for $9.200, paying $4,000 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $4,400 for cleaning services. 5 5 12 18 Paid $1,400 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. Paid $2,500 cash for employee salaries. 20 21 Collected $3,300 cash from customers billed on July 12. 25 31 Billed customers $5,900 for cleaning services. Paid $350 for the monthly gasoline bill for the truck. Withdraw $5,700 cash for personal use. 31 (a1) Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit (To record cash invested in business) Date Account Titles and Explanation Debit Credit (To record cash invested in business) (To record truck purchased) 12:03 PM (To record gasoline expense) (To record drawings) Step by Step Solution
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