Question
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.
Post to the ledger accounts.(Post entries in the order of journal entries presented in the previous part.)
Cash
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Accounts Receivable
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Supplies
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Prepaid Insurance
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Equipment
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Accounts Payable
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Owner's Capital
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Owner's Drawings
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Service Revenue
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Maintenance and Repairs Expense
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Salaries and Wages Expense
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