Question
Jaden Li opened Martinez Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Shareholders invested NT$11,520 cash
Jaden Li opened Martinez Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Shareholders invested NT$11,520 cash in the business in exchange for ordinary shares. 1 Purchased used truck for NT$7,680, paying NT$1,920 cash and the balance on account. 3 Purchased cleaning supplies for NT$864 on account. 5 Paid NT$1,728 cash on a 1-year insurance policy effective July 1. 12 Billed customers NT$3,552 for cleaning services performed. 18 20 20 Paid NT$960 cash on amount owed on truck and NT$480 on amount owed on cleaning supplies. Paid NT$1,920 cash for employee salaries. 21 21. Collected NT$1,536 cash from customers billed on July 12. 25 Billed customers NT$2,400 for cleaning services performed. 31 Paid NT$280 for maintenance of the truck during month. 33 31 Declared and paid a NT$576 cash dividend.
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