CSLO KapCC ACC 201 Chap X Heidi Jana Opened Prongho x C Heidi Jera Opened Proghe X m/courses/48335/assignments/5434186?module_jtem_jd 16654237 G Concord Company ended it X Papage Heidi Jara opened Pronghorn's Cleaning Service on July 1, 2019. During July, the following transactions were completed July 1 Stockholders invested $19,800 cash in the business in exchange for common stock 1 Purchased used truck for $9,200, paying $3,900 cash and the balance on account 3 Purchased cleaning supplies for $2,100 on account 5 Pald $1.680 cash on a 1-year Insurance policy effective July 1. 12 Billed customers $4.400 for cleaning services. 18 Paid $1.400 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Pald $2.500 cash for employee salaries. 21 Collected $3.300 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $360 for the monthly moline bill for the truck 31 Paid a $5,500 cash dividend. The chart of accounts for Pronghorn's 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 Common Stock, No. 320 Retained Earnings, No 332 Dividends, No. 350 Income Summary No. 400 Service Revenue, No. 691 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense (1) Your answer is correct Journalize they transactions. (Credit accountries are automatically indented amount is entered. Do not indent manually. Record journal entries in the order presented in the problem Date Account Titles and Explanation Credit Debit 19000 Cath MacBook Air 80 eee 42 FO 12 5 * - - # 3 $ 4 + % 5 & 7 6 8 9 0 W E R Y U 1 o S DI F GIH J K L L Date Account Titles and Explanation Debit Credit July 1 Cash 19800 19800 Common Stock (To record cash invested in business) 9200 July 1 Equipment 3900 5300 Cash opment Accounts Payable (To record truck purchased) Supplies July 2100 Accounts Payable 2100 July 5 Prepaid Insurance 1680 Cash 1680 July 12 v Accounts Receivable 4400 Service Revenge 4400 July 18 Accounts Payable 2700 2700 July 20 Salaries and Wages Expense 2500 2500 July 21 3300 Accounts Receivable 3300 2 Accounts Receivable 8000 MacBook Air 80 88 000 4 .. F F7 58 50 A * @ 2 - # 3 $ 4 % 5 & 7 6 8 9 0 W E R T Y C 0 a S D F G I J L KapCC ACC 201 Chap X C Heidi Jara Opened Prongho X C Heidi Jara Opened Pronghor X G Concord Company ended its X Papag urses/48335/assignments/5434186?module_item_id=16654237 July 31 Gasoline Expense 360 Cash 360 (To record gasoline expense) July 31 Dividends 5500 Cash 5500 (To record dividend e Textbook and Media List of Accounts Attem (a2) Post the Jully transactions. (Post entries in the order of journal entries presented in the previous part) Cash Debit No. 101 Balance Date Credit Explanation Ref 31 31 J1 31 MacBook Air 80 DOD F4 II > ) 89 FS F6 F7 F8 79 FVO $ % A & * 2 4 6 6 7 8 0 Post the July transactions. (Post entries in the order of journal entries presented in the previous part.) Cash Debit No. 101 Balance Date Credit Explanation Ref J1 J1 v 31 J1 31 v 31 31 J1 Accounts Receivable Explanation Ref Debit 31 No. 112 Balance Date Credit J1 31 Supplies Debit No. 128 Date Explanation Ref Credit Balance 31 Date Prepaid Insurance Explanation Ref Debit Credit No. 130 Balance
