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Mike Greenberg opened Novak Window Washing Inc. on July 1, 2025. During July, the following transactions were completed. July 1 Issued 11,300 shares of common
Mike Greenberg opened Novak Window Washing Inc. on July 1, 2025. During July, the following transactions were completed. July 1 Issued 11,300 shares of common stock for $11,300 cash. 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 Declared and paid $560 cash dividend. The chart of accounts for Novak Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid 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 Prepare a trial balance at July 31
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