leyPLUS Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook ment > Open Assignment IMENT RESOURCES hallenge - Bonus ment stion Score Results by Study Ive Question 1 Lee Chang opened Blossom's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $29,000 cash in the business, 1 Purchased a used truck for $25,200, paying $5,200 cash and signing a note payable for the balance. 1 Paid $2,800 on a one-year Insurance policy, effective July 1. 5 Billed customers $3,900 for cleaning services. 12 Purchased supplies for $2,060 on account. 18 Pald $3,000 for employee salaries. 25 Billed customers $9,900 for cleaning services. 28 Collected $3,900 from customers billed on July 5. 31 Paid $550 for repairs on the truck. 31 Withdrew $2,400 cash for personal use. (a) Journalize and post the July transactions to the general ledger. (Credit account titles are automatically indented when amount is en required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in > Open Assignment IT RESOURCES enge - Bonus (To record cash withdrawal for personal use) Cash Debit Credit Balance Date Explanation Ref. July 1 31 are sults by Study 29000 1 J1 5200 1 31 2800 18 31 3000 28 01 3900 31 J1 31 J1 Accounts Receivable Credit Debit Balance Date Explanation Ref. July 5 J1 25 11 28 J1 Supplies Debit Credit Balance Date Explanation Ref. July 12 31 Prepaid Insurance greement | Privacy Policy I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. MacBook Pro Hy Phhelples, Eighth Canadian Edition, Volume 1 We d, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Open Assignment RESOURCES ge - Bonus FUL Prepaid Insurance Date Explanation Ref. Debit Credit Balance July 1 J1 Vehicles ults by Study Date Explanation Ref. July 1 01 Debit Credit Balance Accounts Payable Debit Date Explanation Ref. July 12 31 Credit Balance Notes Payable Debit Credit Balance Date Explanation Ref. July 1 01 L Chang, Capital Debit Credit Balance Date Explanation Ref. July 1 J1 L. Chang, Drawings Credit Debit Balance Date Explanation Ref. July 31 J1 Service Revenue Debit Credit Balance Date Explanation Ref. July 5 J1 BE ement | Privacy Policy 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. UD, LIHL Canadian Edition, Volume 1 Home Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment > Open Assignment Notes Payable Debit ASSIGNMENT RESOURCES Ch 4 Challenge - Bonus Assignment Question 1 Credit Date Explanation Ref. July 1 J1 Balance L. Chang, Capital Debit Credit Balance Review Score Review Results by Study Objective Date Explanation Ref. July 1 J1 L. Chang, Drawings Credit Debit Balance Date Explanation Ref. July 31 J1 Service Revenue Debit Credit Balance Date Explanation Ref. July 5 J1 25 31 Repairs Expense Date Debit Credit Balance Explanation Ref. J1 July 31 Salaries Expense Debit Credit Balance Date Explanation Ref. July 18 31 Atter License Agreement Privacy Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc
