Lee Chang opened Lee's Window Washing on July 1, 2014. In July, the following transactions +were completed: July1 Lee invested $20,000 cash in the business. 1 Purchased a used truck for $25,000, paying $5,000 cash and signing a note payable for the balance. 3 Purchased supplies for $2,100 on account. 5 Paid $1,800 on a one-year insurance policy, effective July 1 . 12 Billed customers $4,500 for cleaning services. 18 Paid $1,400 of amount owed on supplies. 20 Paid $2,000 for employee salries. 21 Collected $3,400 from customers billed on July 12 . 25 Billed customers $9,000 for cleaning services. 31 Paid $550 for fuel for the month on the truck. 31 Withdrew \$1,600 cash for personal use. nstructions Journalize and post the July transactions. Prepare a trial balance at July 31 . Journalize and post the following adjustments: 1. Earned but unbilled fees at July 31 was $1,500. 2. The truck has an estimated useful life of four years. We will watch the "Social Dilemma" Netflix Documentary in class on week 10. You need to attend the Zoom lecture on week 12 to be able to watch it - it will not be recorded! Even if you have watched it before, you are required to attend the Zoom class. Assignment Details: 1. Write an e-mail or a letter to one of the following audiences telling this person your views and or advise on the documentary: Sibling (Brother/Sister), Cousin, Professor, Parent, or a Friend. 2. The e-mail or letter should be in a word document format and should follow the below guidelines: a. Number of words: Minimum 130 - Maximum 240 words b. Line Spacing: 1.5 lines c. Font size: 12 d. Naming the file: "StudentiD-FirstName-TargetAudience": Example: If you choose writing to a friend for example, then name the file: "125645-Priya-Friend" 3. Submit the assignment on Moodle/E-learning in week 13 before class 4. Again, you should attend the class in week 12 to be able to complete this assignment. Lee Chang opened Lee's Window Washing on July 1, 2014. In July, the following transactions +were completed: July1 Lee invested $20,000 cash in the business. 1 Purchased a used truck for $25,000, paying $5,000 cash and signing a note payable for the balance. 3 Purchased supplies for $2,100 on account. 5 Paid $1,800 on a one-year insurance policy, effective July 1 . 12 Billed customers $4,500 for cleaning services. 18 Paid $1,400 of amount owed on supplies. 20 Paid $2,000 for employee salries. 21 Collected $3,400 from customers billed on July 12 . 25 Billed customers $9,000 for cleaning services. 31 Paid $550 for fuel for the month on the truck. 31 Withdrew \$1,600 cash for personal use. nstructions Journalize and post the July transactions. Prepare a trial balance at July 31 . Journalize and post the following adjustments: 1. Earned but unbilled fees at July 31 was $1,500. 2. The truck has an estimated useful life of four years. We will watch the "Social Dilemma" Netflix Documentary in class on week 10. You need to attend the Zoom lecture on week 12 to be able to watch it - it will not be recorded! Even if you have watched it before, you are required to attend the Zoom class. Assignment Details: 1. Write an e-mail or a letter to one of the following audiences telling this person your views and or advise on the documentary: Sibling (Brother/Sister), Cousin, Professor, Parent, or a Friend. 2. The e-mail or letter should be in a word document format and should follow the below guidelines: a. Number of words: Minimum 130 - Maximum 240 words b. Line Spacing: 1.5 lines c. Font size: 12 d. Naming the file: "StudentiD-FirstName-TargetAudience": Example: If you choose writing to a friend for example, then name the file: "125645-Priya-Friend" 3. Submit the assignment on Moodle/E-learning in week 13 before class 4. Again, you should attend the class in week 12 to be able to complete this assignment
