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Jack & Jill Swanson opened Clean Window Washing Inc. on July1, 2019 . During July, the following transactions were completed. July1 Issued 12,000 shares of

Jack & Jill Swanson opened Clean Window Washing Inc. on July1, 2019. During July, the following transactions were completed.

July1

Issued 12,000 shares of common stock for $12,000 cash.

1

Purchased used truck for $8,000, paying $2,000 cash and the balance on account (AP).

3

Purchased cleaning supplies (asset) for $900 on account.

5

Paid $1,800 cash on a 1-year insurance policy effective July1.

12

Billed customers $3,700 for cleaning services.

18

Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.

20

Paid $2,000 cash for employee salaries. (Salaries and Wages Expense)

21

Collected $1,600 cash from customers billed on July12.

25

Billed customers $2,500 for cleaning services.

31

Paid $290 for maintenance of the truck during month. (Maintenance and Repairs Expense)

31

Declared and paid $600 cash dividend.

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