Question
Maria Miller opened Miller interrior decorating service on july 1 2022. during july the company completed the following transactions. july 1, invested 18500 cash in
Maria Miller opened Miller interrior decorating service on july 1 2022. during july the company completed the following transactions. july 1, invested 18500 cash in the business. july 1 purchased a used sewing machine for 10400 paying 2600 cash and the balance on account. july 3 purchased supplies for 900 on account. july 5 paid 2328 on a 1 year insurance policy effective july 1. july 12 billed customers 4000 for decorating services. july 18 paid 1000 of amount owed on sewing machine and 200 of amount owed on supplies. july 20 paid 1600 for employee salaries. jjuly 21 collected 1700 from customers billed on july 12. july 25 billed customers 1700 for decorating services. july 31 paid utilities for the month 300. july 31 withdrew 500 cash for personal use. journalize the july transactions. Then Journalize July transactions. Then post the transactions. finally Prepare a trial balance at july 31 on a worksheet. Enter the following adjustments on the worksheet, and complete the worksheet. 1. depreciation on equipment for the month was $300. 2. ONE-TWELFTH OF THE INSURANCE EXPIRED. 3. an inventory count shows $200 of supplies on hand at july 31. 4. unpaid employee salaries were $500
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