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I already posted this question but I did not get Ans. according to templated which I attached so now I attached again. please ans. questions
I already posted this question but I did not get Ans. according to templated which I attached so now I attached again. please ans. questions according to templates.
thank you
4 Question 3 (60 marks) Betty Higgins started Betty's Cleaning Service on July 1. The following transactions occurred during Year 1: July 1-Invested $20,000 cash in the business. July 1-Purchased a used truck for $25,000, paying $5,000 cash and borrowing $20,000by signing a note payable due in June, Year 2. July 1-Paid $2,800 for a 1-year insurance policy starting July 1. July 5-Billed customers $3,300 for cleaning services. July 12-Purchased supplies on account for $2,100. . July 18-Paid employees' salaries of $3,000. . July 25-Billed customers $ 8,900 for cleaning services. July 28-Collected $3,300 cash from the July 5 billing. July 31-Paid $550 for truck repairs. July 31-Withdrew $2,600 cash for personal use. Use the following chart of account numbers: Cash #1100 Accounts Receivable #1200 Supplies #1300 Prepaid Insurance # 1400 Vehicles #1500 I Accumulated Depreciation. Vehicles #1600
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