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No rate of depreciation Carla Vista Clark opened Carla Vista's Cleaning Service on July 1, 2022 During July the following transactions wernecanipletidf July 1 Carla
No rate of depreciation
Carla Vista Clark opened Carla Vista's Cleaning Service on July 1, 2022 During July the following transactions wernecanipletidf July 1 Carla Vista invested $19,800 cash in the business 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cashon a 1 -year insurance policy effective July 1 . 12 Billed customers $4,600 for cleaning services. 18 Paid $1,400 cash on amount owed on truck and $1,300 on amount owed an ckeaning wipplias. 20 Paid $2,600 cash for employee salarins. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $6,100 for cleaning services 31 Paid $360 for the monthly gasoline bill for the truck. 31 Withdraw $5.700 cash for personal use. Prepare a classified balance sheet at July 31 . (List Current Assets in order of liquidity) Date Account Titles and Explanation (To record revenue eamed) (To record depreciation) (To record insurance expired) (To record supplies used) (To record salanies payable) Step by Step Solution
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