Question
Mike Greenberg opened Culver Window Washing Inc on July 1, 2022. During July, the following transactions were completed. 1.) July 1: Issued 11,300 shares of
Mike Greenberg opened Culver Window Washing Inc on July 1, 2022. During July, the following transactions were completed. 1.) July 1: Issued 11,300 shares of common stock for $11,300 cash, 2.) July 1: purchased used truck for $7,900, paying $1,900 cash and the balance on account, 3.) July 3: purchased cleaning supplies for $800 on account, 4.) July 5: paid $1,560 cash on a one-year insurance policy effective July 1, 5.) July 12: billed customers $3,800 for cleaning services performed, 6.) July 18: paid $1,100 cash on amount owed on truck and $500 on amount owed on cleaning supplies, 7.) July 20: paid $2,200 cash for employee salaries, 8.) July 21: collected $1,700 cash from customers billed on July 12, 9.) July 25: billed customers $2,200 for cleaning services performed, 10.) July 31: paid $280 for maintenance of the truck during the month, 11.) July 31: declared and paid $600 cash dividend
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