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Mike Greenberg opened Sheffield Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 13,000 shares of
Mike Greenberg opened Sheffield Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 13,000 shares of common stock for $13,000 cash. 1 3 5 Purchased used truck for $8,640, paying $2,160 cash and the balance on account. Purchased cleaning supplies for $970 on account. Paid $1,920 cash on a 1-year insurance policy effective July 1. Paid $1,080 cash on amount owed on truck and $540 on amount owed on cleaning supplies. 12 Billed customers $4,000 for cleaning services performed. 18 20 20 21 Paid $2,160 cash for employee salaries. Collected $1,730 cash from customers billed on July 12. Billed customers $2,700 for cleaning services performed. 25 31 Paid $310 for maintenance of the truck during month. 31 Declared and paid $650 cash dividend.
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