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.

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

Managerial Accounting

Authors: Karen BraunWendy Tietz

3rd Edition

0132890542, 978-0132890540

More Books

Students also viewed these Accounting questions

Question

How will time value of money concepts impact my financial plan?

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago