Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mike Greenberg opened Kleene Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $12,000 cash in

Mike Greenberg opened Kleene Window Washing Co. on July 1, 2020. During July, the following transactions were completed.

July 1

Owner invested $12,000 cash in the company.

1Purchased used truck for $8,000, paying $2,000 cash and the balance on account.3Purchased cleaning supplies for $900 on account.

5Paid $1,800 cash on a 1-year insurance policy effective July 1.

12Billed customers $3,700 for cleaning services performed.

18Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.20Paid $2,000 cash for employee salaries.

21Collected $1,600 cash from customers billed on July 12.

25Billed customers $2,500 for cleaning services performed.

31Paid $290 for maintenance of the truck during month.

31Owner withdrew $600 cash from the company.

Your answer is correct.

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 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record cash invested in the business)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record purchase of truck.)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record maintenance of the truck)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record owner withdraws)

Post to the ledger accounts.(Post entries in the order of journal entries presented in the previous part.)

Cash

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Accounts Receivable

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Supplies

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Prepaid Insurance

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Equipment

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Accounts Payable

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Owner's Capital

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Owner's Drawings

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Service Revenue

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Maintenance and Repairs Expense

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Salaries and Wages Expense

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Volume 2

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

2nd Canadian edition

176501452, 978-0176501457, 978-0176509743

More Books

Students also viewed these Accounting questions

Question

Peoples understanding of what is being said

Answered: 1 week ago

Question

The quality of the proposed ideas

Answered: 1 week ago