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Mike Greenberg opened Bridgeport Window Washing Inc. on July 1, 2025. During July, the following transactions were completed. July 1 Issued 9,600 shares of common
Mike Greenberg opened Bridgeport Window Washing Inc. on July 1, 2025. During July, the following transactions were completed. July 1 Issued 9,600 shares of common stock for $9,600 cash. 1 Purchased used truck for $6,400, paying $1,600 cash and the balance on account. 3 Purchased cleaning supplies for $720 on account. 5 Paid $1,440 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,960 for cleaning services performed. 18 Paid $800 cash on amount owed on truck and $400 on amount owed on cleaning supplies. 20 Paid $1,600 cash for employee salaries. 21 Collected $1,280 cash from customers billed on July 12 . 25 Billed customers $2,000 for cleaning services performed. 31 Paid $230 for maintenance of the truck during month. 31 Declared and paid $480 cash dividend. The chart of accounts for Bridgeport Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. July 1 Cash 9600 Common Stock 9600 July 1 Equipment 6400 Cash 1600 Accounts Payable 4800 July 3 Supplies 720 Accounts Payable 720 July 5 Prepaid Insurance 1440 Cash 1440 July 12 Accounts Receivable 2960 Service Revenue 2960 July 18 Accounts Payable 1200 Cash 1200 July 20 Salaries and Wages Expense 1600 Cash 1600 July 21 Cash 1280 Accounts Receivable 1280 July 25 Accounts Receivable 2000 Service Revenue 2000 July 31 Maintenance and Repairs Expense 230 Cash 230 July 31 Dividends 480 Cash 480 Post to the ledger accounts. (Use T-accounts.) (Post entries in the order of journal entries presented in the previous part.) Supplies Prepaid Insurance Equipment Accounts Payable Service Revenue Salaries and Wages Expense
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