Question
Mike Greenberg opened Culver Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $13,400 cash in
Mike Greenberg opened Culver Window Washing Co. on July 1, 2020. During July, the following transactions were completed.
July 1 | Owner invested $13,400 cash in the company. | ||
1 | Purchased used truck for $8,960, paying $2,240 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $1,010 on account. | ||
5 | Paid $2,040 cash on a 1-year insurance policy effective July 1. | ||
12 | Billed customers $4,140 for cleaning services performed. | ||
18 | Paid $1,120 cash on amount owed on truck and $560 on amount owed on cleaning supplies. | ||
20 | Paid $2,240 cash for employee salaries. | ||
21 | Collected $1,790 cash from customers billed on July 12. | ||
25 | Billed customers $2,800 for cleaning services performed. | ||
31 | Paid $320 for maintenance of the truck during month. | ||
31 | Owner withdrew $670 cash from the company. |
(a)
Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
(To record cash invested in the business) | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
(To record purchase of truck.) | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
(To record maintenance of the truck) | |||
July 1July 3July 5July 12July 18July 20July 21July 25July 31 | |||
(To record owner withdraws) |
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