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Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transactlons were completed. July 1 1 Issued 11,300 shares of
Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transactlons were completed. July 1 1 Issued 11,300 shares of common stock for $11,300 cash. Purchased used truck for $7.520.paying $1,880 cash and the balance on account Purchased cleaning supplies for $850 on account. Pald $1,680 cash on a 1-year Insurance policy effective July 1. 3 5 12 18 Billed customers $3,480 for cleaning services performed. Pald $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies Pald $1,880 cash for employee salaries. 20 21 Collected $1.500 cash from customers billed on July 12. Billed customers $2,350 for cleaning services performed. 25 31 Pald $270 for maintenance of the truck during month. 31 Declared and paid $560 cash dividend. The chart of accounts for Novak Window Washing contains the following accounts: CashAccounts Receivable, Supplies, Prepald 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. (a) 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. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 1 Cash
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