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Mike Greenberg opened Blue Spruce Window Washing inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 W 5
Mike Greenberg opened Blue Spruce Window Washing inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 W 5 12 18 Issued 11.200 shares of common stock for $11,200 cash Purchased used truck for $7,300, paying $2,100 cash and the balance on account. Purchased cleaning supplies for $1.000 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $3,900 for cleaning services performed. Paid $1.100 cash on amount owed on truck and $600 on amount owed on cleaning supplies. Paid $1.800 cash for employee salaries. Collected $1.700 cash from customers billed on July 12. Billed customers $2,700 for cleaning services performed. Paid $320 for maintenance of the truck during month. Declared and paid $700 cash dividend. 20 21 25 31 31 Post adjusting entries to the T-accounts (Post entries in the order of journal entries presented in the previous part Cash 7/1 11.2007/1 2.100 7/21 1.680 1700 775 7/18 1.700 7/20 1.800 7/31 320 7/31 700 7/31 Bal 4.600 Accounts Receivable 7/12 3,900 7/21 1700 7/25 2.700 > 7/31 >> 1700 7/318 Maintenance and Repairs Expense 7/31 320 7/31 Bal 320 Supplies Expense 7/31 7/31 7/31 Bat Depreciation Expense 7/31 7/31 7/31 Bal v Insurance Expense 7/31 > 7/31 BA 7/31 Bal 7/31 Bal. 7/31 >> 1700 7/318 Maintenance and Repairs Expense 7/31 320 7/31 Bal 320 Supplies Expense 7/31 7/31 7/31 Bat Depreciation Expense 7/31 7/31 7/31 Bal v Insurance Expense 7/31 > 7/31 BA 7/31 Bal 7/31 Bal.
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