Question
Problem 4-05A a-g (Part Level Submission) (Video) Wildhorse Clark opened Wildhorse's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July
Problem 4-05A a-g (Part Level Submission) (Video)
Wildhorse Clark opened Wildhorse's Cleaning Service on July 1, 2020. During July, the following transactions were completed.
July 1Wildhorse invested $19,900cash in the business.1Purchased used truck for $9,100, paying $4,200cash and the balance on account.3Purchased cleaning supplies for $2,000on account.5Paid $1,680cash on 1-year insurance policy effective July 1.12Billed customers $4,600for cleaning services.18Paid $1,600cash on amount owed on truck and $1,500on amount owed on cleaning supplies.20Paid $2,400cash for employee salaries.21Collected $3,300cash from customers billed on July 12.25Billed customers $6,000for cleaning services.31Paid $350 for the monthly gasoline bill for the truck.
31Withdraw $5,700cash for personal use.
(a1)
Journalize the July transactions.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed 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 business)
July 1
July 3
July 5
July 12
July 18
July 20
July 21
July 25
July 31
(To record truck purchased)
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 gasoline expense)
July 1
July 3
July 5
July 12
July 18
July 20
July 21
July 25
July 31
(To record drawings)
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Financial Accounting
Authors: Dr. Larry M. Walther
1st Edition
1456352970, 9781456352974
