Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i have to do four more sheets but it starts with the owners equity ( the net income is 11,134 and the owner invested 39,870$

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
i have to do four more sheets but it starts with the owners equity ( the net income is 11,134 and the owner invested 39,870$ , the owner at the end of july 31 withdrew 1,000 for person use)
a H elp AutoSave R C omp Prob 1201920 (1) . Compatibility Mode Ex File Home Insert Page Layout Formulas Data Review View h From Text/CSV Recent Sources Queries & Connections From Web Disting Connections Get Properties Data - From Table/Range Al Edit Links Get & Transform Data Queries & Connections B7 x Stocks Geography Data Types Statement of Owners Equity 8 net income $ 11,134 . .. Journal, p2 Adj. Trial Balance income Statement Statement of Owners Equity Balance Sheel Type here to search 0 0 - From TextCSV Po Recent Sources From Web Existing Connections From Table/Range Get & Transform Data A Queries & Connections LS Refresh peres All Edit Links Queries & Connections Stocks Geography - Data Types D Balance Sheet Adj. Trial Balance income Statement Statement of Owners Equity Balance Sheet Type here to search a ch AutoSave 9 - Comp Prob 1201920 (1) - Compatibility Mode - E. P File Home Insert Page Layout Formulas Data Review View Help Oh From Text/CSV Recent Sources Recent Sources Queries & Connections From Web Ginting Connections Duta-li from Table/Range Stocks Alldatas Get Tansform Data Quer Connections B1 - * Clear Get Geography Advanced Data pe income Statement Statement of Owners Equity Balance Sheet Journal, p3 Post Close TB 1 O Type here to search OO O O Help AutoSave OCH B Comp Prot 1201920 (1) - Compatibility Mode - Ex File Home Insert Page Layout Formulas Data Review View From Text/CSV P Recent Sources Queries & Connections From Web Existing Connections Get Data - From Table/Range All Edit Links Get & Transform Data Properties Refresh Properti Stocks Geography = 21 Sort Queries & Connections Data Types Post Closing Trial Balance Account Number Debit Balance Credit Balance Income Statement Statement of Owners Equity Balance Sheet Journal ps Post Close, TB Type here to search ex vo | B C D E J F G H I ACC101 Comprehensive Problem Seaside Cleaning Service Aartin Johnson opened Seaside Cleaning Service on July 1, 2019. During July, the company completed the following transactions: July 1 Owner Martin Johnson invested $39,870 cash and $7,545 of cleaning equipment in the business. 1 Purchased a used truck for $10,500, paying $2,500 cash and the balance on account. 3 Purchased cleaning supplies for $1,794 on account. 5 Paid $1,800 on a one-year insurance policy, effective July 1 12 Billed customers $4.813 for cleaning services. 15 Received $1,650 from customers for future cleaning services 18 Paid $1,200 of amount owed on truck 20 Paid $698 for employee salaries. 21 Collected $3,632 from customers billed on July 12 25 Billed customers $6,275 for cleaning services 31 Paid gasoline for the month on the truck, $297 31 Owner Martin Johnson withdrew $1,000 for personal use. Adjustments July 31 Earned but unbilled fees at July 31 were $2.476 Depreciation on truck for the month was $175. Earned $450 of payment received on July 15. One-twelfth of the insurance expired An inventory count shows $521 of cleaning supplies on hand at July 31 Accrued but unpaid employee salaries were $287 Instructions Data Journal Ledger, pl Ledger, p2 Ledger, p3 Ledger, p4 Trial

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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