Kristin Malone opened Kristins Maids Cleaning Service on July 1, 2015. During July, the company completed the following transactions.

July 1 Stockholders invested $19,200 cash in the business in exchange for common stock. 1 Purchased a used truck for $10,700, paying $2,900 cash and the balance on account. 3 Purchased cleaning supplies for $860 on account. 5 Paid $1,920 on a 1-year insurance policy, effective July 1. 12 Billed customers $3,600 for cleaning services. 18 Paid $1,100 of amount owed on truck, and $200 of amount owed on cleaning supplies. 20 Paid $1,600 for employee salaries. 21 Collected $1,500 from customers billed on July 12. 25 Billed customers $1,700 for cleaning services. 31 Paid gasoline for the month on the truck, $320. 31

Declared and paid a $720 cash dividend.