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Ivanhoe Clark opened Ivanhoe's Cleaning Service on July 1, 2022. During July, the following transactions were completed. Ivanhoe invested $20,100 cash in the business. Purchased
Ivanhoe Clark opened Ivanhoe's Cleaning Service on July 1, 2022. During July, the following transactions were completed. Ivanhoe invested $20,100 cash in the business. Purchased used equipment for $9,200, paying $3,800 cash and the balance on account. Purchased cleaning supplies for $2,200 on account. Paid $1,920 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount Paid $2,500 cash for employee salaries. Collected $3,300 cash from customers billed on July 12. Billed customers $6,000 for cleaning services. Paid $350 for monthly utilitiy bill for the equipment. (Use Utilities Expense.) 31 Withdraw $5,600 cash for personal use. July 1 1 3 5 12 18 20 21 25 31 on truck and $1,400 on amount owed on cleaning supplies.
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