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Mike Greenberg opened Riverbed Window Washing Inc, on July 1. 2022. During July, the following transactions were completed. July 1 Issued 11,900 shares of common
Mike Greenberg opened Riverbed Window Washing Inc, on July 1. 2022. During July, the following transactions were completed. July 1 Issued 11,900 shares of common stock for $11,900 cash. 1 Purchased used truck for $7,400, 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 $2,100 cash for employee salaries. 21 Collected $1,600 cash from customers billed on July 12. 25 Billed customers $2,400 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 Riverbed 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 Revenuc, Maintenance and Repairs Expense, Supplies Expense, Depreciation Exnense Insurance Fxnense, 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 o 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.)
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