Question
Comprehensive Accounting Cycle Review 4-1 (Part Level Submission) Mike Greenberg opened Pina Window Washing Inc. on July 1, 2017. During July, the following transactions were
Comprehensive Accounting Cycle Review 4-1 (Part Level Submission)
Mike Greenberg opened Pina Window Washing Inc. on July 1, 2017. During July, the following transactions were completed.
July 1 | Issued 11,500 shares of common stock for $11,500 cash. | ||
1 | Purchased used truck for $7,680, paying $1,920 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $860 on account. | ||
5 | Paid $1,680 cash on a 1-year insurance policy effective July 1. | ||
12 | Billed customers $3,550 for cleaning services performed. | ||
18 | Paid $960 cash on amount owed on truck and $480 on amount owed on cleaning supplies. | ||
20 | Paid $1,920 cash for employee salaries. | ||
21 | Collected $1,540 cash from customers billed on July 12. | ||
25 | Billed customers $2,400 for cleaning services performed. | ||
31 | Paid $280 for maintenance of the truck during month. | ||
31 | Declared and paid $580 cash dividend. |
The chart of accounts for Pina Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense
prepare a trial balance,adjusting entries,adjustede trial balance
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