Question
Mike Greenberg opened Pronghorn Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 11,200 shares of common
Mike Greenberg opened Pronghorn Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
July 1 | Issued 11,200 shares of common stock for $11,200 cash. | ||
1 | Purchased used truck for $7,300, paying $1,800 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $900 on account. | ||
5 | Paid $1,920 cash on a 1-year insurance policy effective July 1. | ||
12 | Billed customers $3,600 for cleaning services performed. | ||
18 | Paid $900 cash on amount owed on truck and $500 on amount owed on cleaning supplies. | ||
20 | Paid $2,200 cash for employee salaries. | ||
21 | Collected $1,500 cash from customers billed on July 12. | ||
25 | Billed customers $2,200 for cleaning services performed. | ||
31 | Paid $300 for maintenance of the truck during month. | ||
31 | Declared and paid $600 cash dividend. |
The chart of accounts for Pronghorn Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, 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.
Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
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choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
HURRY PLS !! WILL THUMBS UP !! THANK YOU
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