Question
Mike Greenberg opened Pronghorn Window Washing Co. on july 1, 2022. During July, the following transactions were completed. July 1 Owner Invested $11800 cash in
Mike Greenberg opened Pronghorn Window Washing Co. on july 1, 2022. During July, the following transactions were completed.
July 1 Owner Invested $11800 cash in the company
1 purchased used truck for $7840, paying $1960 cash and the balance on account
3 purchased cleaning supplies for $880 on account
5 paid $1800 cash on a 1-year insurance policy effective july 1.
12 billed customers $3630 for cleaning services performed.
18 Paid $980 cash on amount owed on truck and $490 on amount owed on cleaning supplies.
20 Paid $1960 cash for employee salaries
21 collected $1570 cash from customers billed on july 12
25 billed customers $2450 for cleaning services performed
31 Paid $280 maintenance of the truck during month
31 Owner withdrew $590 cash from the company
B) JOURNALIZE THE FOLLOWING ADJUSTMENTS
1. service performed but unbilled and uncollected at july 31 were $1670
2. depreciation on equipment for the month $180
3. one twelfth of the insurance expired
4. a count shows $310 of cleaning supplies on hand at july 31.
5. acrued but unpaid employee salaries were $390
C) POST ADJUSTING ENTRIES TO THE T- ACCOUNTS
D) PREPARE AN ADJUSTED TRIAL BALANCE
E) PREPARE TEH INCOME STATEMENT FOR JULY
F) PREPARE AN OWNER'S EQUITY STATEMENT FOR JULY
G) PREPARE A CLASSIFIED BALANEC SHEET AT JULY 21
H) JOURNALIZE THE CLOSING ENTRIES
I) PREPARE A POST-CLOSING TRIAL BALANCE AT JULY 31
THANK YOU SO SO SO SO MUCH!
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