Answered step by step
Verified Expert Solution
Question
1 Approved Answer
q 1/1 Mike Greenberg - jounalize July transactions Question 1 of 1 -/1 View Policies Current Attempt in Progress 1 3 5 Mike Greenberg opened
q 1/1 Mike Greenberg - jounalize July transactions
Question 1 of 1 -/1 View Policies Current Attempt in Progress 1 3 5 Mike Greenberg opened Sarasota Window Washing Co. on July 1, 2020. During July, the following transactions were completed July 1 Owner invested $ 12,500 cash in the company Purchased used truck for $8,320, paying $ 2.000 cash and the balance on account Purchased cleaning supplies for $ 940 on account. Paid $ 1.920 cash on a 1-year insurance policy effective July 1. Billed customers $ 3.850 for cleaning services performed. Paid $1,040 cash or amount owed on truck and SS20 on amount owed on cleaning supplies. Paid $2,080 cash for employee sataries. Collected $ 1.660 cash from customers billed on July 12 Billed customers $2.600 for cleaning services performed Pald 5 300 for maintenance of the truck during month 12 18 20 21 25 31 3+ Church SST ID o 10:11 AM 10/1 ype here to search O hop Week 4 - Assignment: Week 4 Question 1 of 1 -11 ill 21 25 Collected $ 1.660 cash from customers billed on July 12 Billed customers $2,600 for cleaning services performed. Paid $ 300 for maintenance of the truck during month Owner withdrew $ 620 cash from the company 31 31 (a) 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) Debit Account Tities and Explanation Date Credit 10:11 AM E Question 1 of 1 - 11 Date Account Titles and Explanation Debit Credit (To record cash invested in the business) (To record purchase of truck.) 10 AM 15 O 2 Type here to search Question 1 of 1 (To record maintenance of the truck) (To record owner withdraws) e Textbook and Media 55 10 12 AM 10 o pe here to search 01 e Textbook and Media List of Accounts Assistance Used Accounts Payable Accounts Receivable Accumulated Depreciation Buildings Accumulated Depreciation Equipment Accumulated Depreciation Delivery Trucks Advertising Expense Buildings Cash AM Debt Investments 55" o i Type here to search Question 1 of 1 -/1 ERIT Delivery Trucks Depreciation Expense Equipment Gasoline Expense Income Summary Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue SSF 16:12 AM 10/20/2021 5 Type here to search Question 1 of 1 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started