Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

HELP PLEASEEEEE Question 1 of 1 Post adjusting entries to the T-accounts. 7/1 7/21 7/31 Bal. 7/12 7/25 Cash 11,800 7/1 1,570 7/5 7/18 7/20

HELP PLEASEEEEE
image text in transcribed
image text in transcribed
image text in transcribed
Question 1 of 1 Post adjusting entries to the T-accounts. 7/1 7/21 7/31 Bal. 7/12 7/25 Cash 11,800 7/1 1,570 7/5 7/18 7/20 7/31 7/31 Accounts Receivable 3,630 7/21 2,450 5,310 7/31 1,960 1,800 1,470 1.960 280 590 1,5 1670 Mike Greenberg opened Pronghorn Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 Owner invested $11,800 cash in the company. 1 Purchased used truck for $7,840, paying $1,960 cash and the balance on account. Purchased cleaning supplies for $880 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,630 for cleaning services performed. 18. Paid $980 cash on amount owed on truck and $490 on amount owed on cleaning supplies. 20 Paid $1,960 cash for employee salaries. 21 Collected $1,570 cash from customers billed on July 12. 25 Billed customers $2.450 for cleaning services performed. 31 Paid $280 for maintenance of the truck during month. 31 Owner withdrew $590 cash from the company. 3 5 Question 1 of 1 1. July 31 July 2. 31 3. July 31 4. July 31 July 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions