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

July 1

Owner invested $11,300 cash in the company.

1Purchased used truck for $7,520, paying $1,880 cash and the balance on account.3Purchased cleaning supplies for $850 on account.

5Paid $1,680 cash on a 1-year insurance policy effective July 1.

12Billed customers $3,480 for cleaning services performed.

18Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies.20Paid $1,880 cash for employee salaries.

21Collected $1,500 cash from customers billed on July 12.

25Billed customers $2,350 for cleaning services performed.

31Paid $270 for maintenance of the truck during month.

31Owner withdrew $560 cash from the company.

Accounting Cycle Review 4-01 a-i Mike Greenberg opened Novak Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $11,300 cash in the company. 1 Purchased used truck for $7,520, paying $1,880 cash and the balance on account. 3 Purchased cleaning supplies for $850 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,480 for cleaning services performed. 18 Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies. 20 Paid $1,880 cash for employee salaries. 21 Collected $1,500 cash from customers billed on July 12. 25 Billed customers $2,350 for cleaning services performed. 31 Paid $270 for maintenance of the truck during month. 31 Owner withdrew $560 cash from the company.