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PLEASE SOLVE THIS PART. THANK YOU. Current Attempt in Progress Mike Greenberg opened Martinez Window Washing Inc. on July 1, 2022. During July, the following
PLEASE SOLVE THIS PART. THANK YOU.
Current Attempt in Progress Mike Greenberg opened Martinez Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 20 21 25 31 31 Issued 10,800 shares of common stock for $10,800 cash. Purchased used truck for $7,200, paying $1,800 cash and the balance on account. Purchased cleaning supplies for $810 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $3,330 for cleaning services performed. Paid $900 cash on amount owed on truck and $450 on amount owed on cleaning supplies. Paid $1,800 cash for employee salaries. Collected $1,440 cash from customers billed on July 12. Billed customers $2,250 for cleaning services performed. Paid $260 for maintenance of the truck during month. Declared and paid $540 cash dividend. The chart of accounts for Martinez 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 Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. (g3) Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) MARTINEZ WINDOW WASHING INC. Balance Sheet Save for Later Assets $ Liabilities and Stockholders' Equity $ Attempts: 0 of 3 used $ SubmitStep by Step Solution
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