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Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Mike Greenberg opened Pina Window Washing Co.on July 1, 2020. During July,
Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Mike Greenberg opened Pina Window Washing Co.on July 1, 2020. During July, the following transactions w July 1 3 5 12 18 20 21 25 31 Owner invested $11,500 cash in the company. Purchased used truck for $7,680, paying $1,920 cash and the balance on account. Purchased cleaning supplies for $860 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $3,550 for cleaning services performed. Paid $960 cash on amount owed on truck and $480 on amount owed on cleaning supplies. Paid $1.920 cash for employee salaries. Collected $1,540 cash from customers billed on July 12. Billed customers $2.400 for cleaning services performed. Paid $280 for maintenance of the truck during month. Owner withdrew $580 cash from the company 31 4 Comprehensive Problem Question 1 of 1 8.86/100 Date Account Titles and Explanation Debit Credit v July 1 Cash $11,500 Stock Investments $11,500 (To record cash invested in the business) July 1 Equipment $7,680 Cash $1.920 Accounts Payable $5,760 (To record purchase of truck.) July 3 Supplies 5860 Accounts Payable $860 July 5 Prepaid Insurance $1.680 Cash $1,680 July 12 Accounts Receivable $3.550 NWPAW PA July 18 Accounts Payable $1,440 Cash $1,440 July 20 Salaries and Wages Expense $1,920 Cash $1,920 July 21 Cash $1,540 Accounts Receivable $1.540 July 25, Accounts Receivable $2.400 Service Revenue $2.400 July 31 Maintenance and Repairs Expense $280 $280 Cash (To record maintenance of the truck) July 31 5580 Cash $580 (To record owner withdraws) Post to the ledger accounts. (Post entries in the order of Journal entries presented in the previous part.) Cash Accounts Receivable > NWP A Pl. op 5 6 7 8 H C Accounts Receivable Supplies Prepaid Insurance Equipment Equipment Accounts Payable Owner's Capital Owner's Drawings Owner's Drawings Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense
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