Question
Heidi Jara opened Pina Colada's cleaning services on July 1 2022. During July, the following transactions were completed. July1 stockholder's invested $20100 cash in the
Heidi Jara opened Pina Colada's cleaning services on July 1 2022. During July, the following transactions were completed.
July1 stockholder's invested $20100 cash in the business in exchange for commonstock.
July1 purchased used truck for $9100,paying 3800cash and the balance on account
3 purchased cleaning supplies for $2200 on account
5 paid $1680 cash on a 1 year insurance policy effective July 1
12 Billed customers 4400 for cleaning serivices
18 paid $1600 cash on amount owned on truck and $ 1300 on amount owned on cleaning supplies.
20 paid 2600 cash for employee salaries
21 collected $3300 cash from customers billed on july 12
25 Billed customers 6100 for cleaning services.
31 paid $ 350 for the monthly gasoline bill for the truck
31 paid a $5700 cash dividend
prepare the trial balance at July 31 on worksheet. enter the following adjustments on the worksheet and complete the worksheet
1) unbilled and uncollected revenues for services performed at July 31 were $ 2800.
2) Depreciation on equipment for month was $500
3) one - twelfth of the insurance expired
4) an inventory count shows $700 of cleaning supplies on hand at July 31.
5) Accured but unpaid employee salaries were $1020
Find the trial balance, Adjustments Adjusted trial balance income statement and balance sheet
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