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How do I journalize the JULY transactions? July 1 Issued 12,646 shares of common stock for $12,646 cash. 1 Purchased used truck for $8,646, paying
How do I journalize the JULY transactions?
July 1 | Issued 12,646 shares of common stock for $12,646 cash. | |
1 | Purchased used truck for $8,646, paying $2,011 cash and the balance on account. | |
3 | Purchased cleaning supplies for $946 on account. | |
5 | Paid $2,280 cash on a 1-year insurance policy effective July 1. | |
12 | Billed customers $4,890 for cleaning services. | |
18 | Paid $1,186 cash on amount owed on truck and $510 on amount owed on cleaning supplies. | |
20 | Paid $2,213 cash for employee salaries. | |
21 | Collected $1,709 cash from customers billed on July 12. | |
25 | Billed customers $2,608 for cleaning services. | |
31 | Paid $367 for maintenance of the truck during month. | |
31 | Declared and paid $630 cash dividend. |
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