Mike Greenberg openedSarasotaWindow Washing Co. on July 1, 2020. During July, the following transactions were completed.

July 1

Owner invested $12,500cash in the company.

1Purchased used truck for $8,320, paying $2,080cash and the balance on account.3Purchased cleaning supplies for $940on account.

5Paid $1,920cash on a 1-year insurance policy effective July 1.

12Billed customers $3,850for cleaning services performed.

18Paid $1,040cash on amount owed on truck and $520on amount owed on cleaning supplies.20Paid $2,080cash for employee salaries.

21Collected $1,660cash from customers billed on July 12.

25Billed customers $2,600for cleaning services performed.

31Paid $300for maintenance of the truck during month.

31Owner withdrew $620cash from the company.

(a)

Correct answer icon

Your answer is correct.

Journalize the July transactions.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record cash invested in the business)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record purchase of truck.)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record maintenance of the truck)

July 1

July 3

July 5

July 12

July 18

July 20

July 21

July 25

July 31

(To record owner withdraws)

eTextbook and Media

List of Accounts

Attempts: 1 of 3 used

Question Part Score

0.16/0.16

(b)

Post to the ledger accounts.(Post entries in the order of journal entries presented in the previous part.)

Cash

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

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7/31 Bal.

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7/31 Bal.

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7/31 Bal.

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7/31 Bal.

Accounts Receivable

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Bal.

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Bal.

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Bal.

7/1

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7/31

Bal.

7/1

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7/31

Bal.

7/1

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Bal.

Supplies

7/1

7/3

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7/25

7/31

Bal.

7/1

7/3

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7/31

Bal.

7/1

7/3

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7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Prepaid Insurance

7/1

7/3

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7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

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7/31

Bal.

7/1

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Bal.

7/1

7/3

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7/31

Bal.

Equipment

7/1

7/3

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7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

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7/31 Bal.

7/1

7/3

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7/31

7/31 Bal.

7/1

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7/25

7/31

7/31 Bal.

Accounts Payable

7/1

7/3

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7/12

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7/21

7/25

7/31

7/31 Bal.

7/1

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7/31

7/31 Bal.

7/1

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7/31 Bal.

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7/31 Bal.

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7/31 Bal.

7/1

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7/31 Bal.

Owner's Capital

7/1

7/3

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7/31 Bal.

7/1

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7/31

7/31 Bal.

7/1

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7/31 Bal.

7/1

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7/25

7/31

7/31 Bal.

Owner's Drawings

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

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7/5

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7/20

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7/25

7/31

Bal.

7/1

7/3

7/5

7/12

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7/20

7/21

7/25

7/31

Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

Service Revenue

7/1

7/3

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7/20

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7/25

7/31

Bal.

7/1

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7/31

Bal.

7/1

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Bal.

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Bal.

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Bal.

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7/31

Bal.

Maintenance and Repairs Expense

7/1

7/3

7/5

7/12

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7/25

7/31

Bal.

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Bal.

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Bal.

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Bal.

Salaries and Wages Expense

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Bal.

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Bal.

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Bal.

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Bal.

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(c)

Prepare a trial balance at July 31.

SARASOTAWINDOW WASHING CO.

Trial Balance

For the Year Ended July 31, 2020

For the Months Ended July 31, 2020

July 31, 2020

Debit

Credit

$

$

Totals$

$

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(d)

Journalize the following adjustments.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

1.Services performed but unbilled and uncollected at July 31 were $1,770.2.Depreciation on equipment for the month was $190.

3.One-twelfth of the insurance expired.

4.A count shows $330of cleaning supplies on hand at July 31.

5.Accrued but unpaid employee salaries were $420.

Sr.

Date

Account Titles and Explanation

Debit

Credit

1.

July 31

2.

July 31

3.

July 31

4.

July 31

5.

July 31

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(e)

Post adjusting entries to the T-accounts.

Cash7/112,5007/12,0807/211,6607/51,9207/181,5607/202,0807/313007/316207/31 Bal.5,600

Accounts Receivable7/123,8507/211,6607/252,600

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

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7/31

7/31 Bal.

7/1

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7/5

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7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Supplies7/3940

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Prepaid Insurance7/51,920

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

7/5

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7/31

7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Equipment7/18,3207/31 Bal.8,320

Accumulated Depreciation-Equipment

7/1

7/3

7/5

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7/20

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7/25

7/31

7/31 Bal.

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7/31 Bal.

7/1

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7/31 Bal.

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

Accounts Payable7/181,5607/16,2407/39407/31 Bal.5,620

Salaries and Wages Payable

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

7/31 Bal.

7/1

7/3

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7/31 Bal.

7/1

7/3

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7/31 Bal.

7/1

7/3

7/5

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7/31 Bal.

Owner's Capital

7/112,5007/31 Bal.12,500

Owner's Drawings

7/31620Bal.620

Service Revenue

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/123,850

7/1

7/3

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7/18

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7/21

7/25

7/31

Bal.

7/252,600

7/1

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7/31

Bal.

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Bal.

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7/31

Bal.

7/1

7/3

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Bal.

Maintenance and Repairs Expense

7/31300

7/1

7/3

7/5

7/12

7/18

7/20

7/21

7/25

7/31

Bal.

7/1

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7/31

Bal.

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7/31

Bal.

Supplies Expense

7/1

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7/31

Bal.

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Bal.

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7/31

Bal.

7/1

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Bal.

Depreciation Expense

7/1

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Bal.

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Bal.

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7/31

Bal.

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7/31

Bal.

Insurance Expense

7/1

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Bal.

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7/31

Bal.

7/1

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7/31

Bal.

7/1

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7/25

7/31

Bal.

Salaries and Wages Expense

7/202,080

7/1

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7/25

7/31

Bal.

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Bal.

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Bal.

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7/31

Bal.

7/1

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7/20

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7/25

7/31

Bal.

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--/0.17

(f)

Prepare an adjusted trial balance.

SARASOTAWINDOW WASHING CO.

Trial Balance

For the Months Ended July 31, 2020

July 31, 2020

For the Year Ended July 31, 2020

Debit

Credit

$

$

Totals$

$