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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.

image text in transcribedimage text in transcribed

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. 8,900image text in transcribedimage text in transcribed
List of Accounts Account Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) Dashboard WASHING Balance Sheet Courses Assets Calendar le Bookstore LY Tutoring HAN Liabilities and stockholders' quity Textbook and Media List of Accounts Textbook and Media List of Accounts Account Titles and Explanation (To close revenue account k Service Bowen DOJ ca ajulo 1=1 ci e Textbook and Media List of Accounts Account Prepare a post-closing trial balance at July 31. Dashboard AYAYAI WINDOW WASHING INC. Post-dosing Trial Balance Courses 12 Groups Debit Credit $ Calendar E 22 Inbox Bookstore Library Tutoring Help e Textbook and Media List of Accounts List of Accounts Account Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) Dashboard WASHING Balance Sheet Courses Assets Calendar le Bookstore LY Tutoring HAN Liabilities and stockholders' quity Textbook and Media List of Accounts Textbook and Media List of Accounts Account Titles and Explanation (To close revenue account k Service Bowen DOJ ca ajulo 1=1 ci e Textbook and Media List of Accounts Account Prepare a post-closing trial balance at July 31. Dashboard AYAYAI WINDOW WASHING INC. Post-dosing Trial Balance Courses 12 Groups Debit Credit $ Calendar E 22 Inbox Bookstore Library Tutoring Help e Textbook and Media List of Accounts

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