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I am trying to adjust my trial balance for the opening businessSandhill Clark opened Sandhills Cleaning Service on July 1, 2022. During July, the following
I am trying to adjust my trial balance for the opening businessSandhill Clark opened Sandhills Cleaning Service on July 1, 2022. During July, the following transactions were completed.
July 1 | Sandhill invested $20,000 cash in the business. | |
1 | Purchased used equipment for $9,000, paying $4,100 cash and the balance on account. | |
3 | Purchased cleaning supplies for $2,000 on account. | |
5 | Paid $1,800 cash on a 1-year insurance policy effective July 1. | |
12 | Billed customers $4,400 for cleaning services. | |
18 | Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. | |
20 | Paid $2,500 cash for employee salaries. | |
21 | Collected $3,500 cash from customers billed on July 12. | |
25 | Billed customers $6,100 for cleaning services. | |
31 | Paid $360 for monthly utilitiy bill for the equipment. (Use Utilities Expense.) | |
31 | Withdraw $5,700 cash for personal use. |
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