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Lee Chang opened Lee's Window Washing on July 1, 2024. In July, the following transactions were completed: July 1 Invested $20,000 cash in the business.
Lee Chang opened Lee's Window Washing on July 1, 2024. In July, the following transactions were completed: July 1 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. 1 Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed custon $2,300 for cleaning services. 12 Purchased supplies for $2,100 on account. 18 Paid $3,000 for employee salaries. 25 Billed customers $8,900 for cleaning services. 28 Collected $3,300 from customers billed on July 5 . 31 Paid $550 for repairs on the truck. 31 Withdrew $2,600 cash for personal use. Lee Chang opened Lee's Window Washing on July 1, 2024. In July, the following transactions were completed: July 1 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. 1 Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed custon $2,300 for cleaning services. 12 Purchased supplies for $2,100 on account. 18 Paid $3,000 for employee salaries. 25 Billed customers $8,900 for cleaning services. 28 Collected $3,300 from customers billed on July 5 . 31 Paid $550 for repairs on the truck. 31 Withdrew $2,600 cash for personal use
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