Question
Mike Greenberg opened Grouper Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $10,300 cash in
Mike Greenberg opened Grouper Window Washing Co. on July 1, 2020. During July, the following transactions were completed.
July 1 Owner invested $10,300 cash in the company. 1Purchased used truck for $6,880, paying $1,720 cash and the balance on account.3Purchased cleaning supplies for $770 on account. 5Paid $1,560 cash on a 1-year insurance policy effective July 1. 12Billed customers $3,180 for cleaning services performed. 18Paid $860 cash on amount owed on truck and $430 on amount owed on cleaning supplies.20Paid $1,720 cash for employee salaries. 21Collected $1,380 cash from customers billed on July 12. 25Billed customers $2,150 for cleaning services performed. 31Paid $250 for maintenance of the truck during month. 31Owner withdrew $520 cash from the company.
Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.):
(b) Post to the edge accounts (Pest entries in the order of journal entries presented in the previous part) Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense e Textbook and MediaStep by Step Solution
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