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Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2017. During July, the following transactions were completed. July 1 Issued 8,900 shares of common
Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2017. During July, the following transactions were completed.
July 1 | Issued 8,900 shares of common stock for $8,900 cash. | ||
1 | Purchased used truck for $5,920, paying $1,480 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $670 on account. | ||
5 | Paid $1,320 cash on a 1-year insurance policy effective July 1. | ||
12 | Billed customers $2,740 for cleaning services performed. | ||
18 | Paid $740 cash on amount owed on truck and $370 on amount owed on cleaning supplies. | ||
20 | Paid $1,480 cash for employee salaries. | ||
21 | Collected $1,180 cash from customers billed on July 12. | ||
25 | Billed customers $1,850 for cleaning services performed. | ||
31 | Paid $210 for maintenance of the truck during month. | ||
31 | Declared and paid $440 cash dividend. |
Cash | |||
7/1 | 8,900 | 7/1 | 1,480 |
7/21 | 1,180 | 7/5 | 1,320 |
7/18 | 1,110 | ||
7/20 | 1,480 | ||
7/31 | 210 | ||
7/31 | 440 | ||
7/31 Bal. | 4,040 |
Accounts Receivable | |||
7/12 | 2,740 | 7/21 | 1,180 |
7/25 | 1,850 | ||
7/31 | 1,260 | ||
7/31 Bal. | 4,670 |
Supplies | |||
7/3 | 670 | 7/31 | 430 |
7/31 Bal. | 240 |
Prepaid Insurance | |||
7/5 | 1,320 | 7/31 | 110 |
7/31 Bal. | 1,210 |
Equipment | |||
7/1 | 5,920 | ||
7/31 Bal. | 5,920 |
Accumulated Depreciation-Equipment | |||
7/31 | 130 | ||
7/31 Bal. | 130 |
Accounts Payable | |||
7/18 | 1,110 | 7/1 | 4,440 |
7/3 | 670 | ||
7/31 Bal. | 4,000 |
Salaries and Wages Payable | |||
7/31 | 300 | ||
7/31 Bal. | 300 |
Common Stock | |||
7/1 | 8,900 | ||
7/31 Bal. | 8,900 |
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