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Mary Day incorporated her company, Day's Cleaning, Inc., on November 1 , 2 0 2 3 . The company had the the following transactions occur
Mary Day incorporated her company, Day's Cleaning, Inc., on November The company had the
the following transactions occur during November.
Mary purchased $ worth of common stock from Day's Cleaning, Inc.
the company purchased a used car for $ paying $ cash and signed a month, interestbearingloan for the remainder.
Purchased cleaning supplies for $ on account.
Paid $ on a year insurance policy, effective November
Filled the work car up at the gas station and paid $ cash for gasoline.
Billed customers $ for cleaning services performed that day.
Purchased ink supplies for $ cash and used it all up all the ink on that day.
Paid $ of amount owed on car and $ of amount owed on cleaning supplies.
Paid $ for employees salaries.
Mary went out to a customer site and gave an estimate for a job. She estimated the job would be $ when performed.
Billed customers $ for cleaning services performed that day.
Received full payment on customer's account from the th
Paid $ for utilities for the month. Received bill on the same date payment made on invoice.
Paid loan payment of $ for car. That consisted of $ of interest and the remainder was for principle.
Paid employees wages $
The chart of accounts for Day's Cleaning you may or may not use all of the accounts:
Common Stock, Salaries Expense, Utilities Expense, Accounts Payable, Accounts Receivables,
Supplies Expense, Service Revenue, Gasoline Expense, Supplies, Equipment, Depreciation Expense, Insurance Expense
Cash, Notes Payable, Prepaid Insurance, Interest Expense
A Journalize general journal entries the November transactions. You may use all or some of the journal entry blocks provided.
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