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Mike Greenberg opened Grouper Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 Issued 10,300
Mike Greenberg opened Grouper Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 Issued 10,300 shares of common stock for $10,300 cash. Purchased used truck for $6,880, paying $1,720 cash and the balance on account. Purchased cleaning supplies for $770 on account. Paid $1,560 cash on a 1-year insurance policy effective July 1. Paid $860 cash on amount owed on truck and $430 on amount owed on cleaning supplies. Paid $1,720 cash for employee salaries 5 12 Billed customers $3.180 for cleaning services performed. 18 20 21 Collected $1,380 cash from customers billed on July 12. 25 31 31 Billed customers $2,150 for cleaning services performed. Paid $250 for maintenance of the truck during month. Declared and paid $520 cash dividend. The chart of accounts for Grouper 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.
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