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Question 4 View Policies Current Attempt in Progress Karen Noonan opened Clean Sweep Inc. on February 1, 2019. During February, the following transactions were completed.
Question 4 View Policies Current Attempt in Progress Karen Noonan opened Clean Sweep Inc. on February 1, 2019. During February, the following transactions were completed. Feb. 1 Issued 5,400 shares of Clean Sweep common stack for $13,500. Each share has a $1.50 par. 1 Borrowed $8,400 on a 2-year, 6% note payable. 1 Paid $6,620 to purchase used floor and window cleaning equipment from a comparty going out of business ($4.720 was for the floor equipment and $3,900 for the window equipment) 1 Paid $210 for February Internet and phone services. 3 Purchased cleaning supplies for $960 on account 4 Hired 4 employees. Each will be paid $470 per 5-day work week (Monday-Friday). Employees will begin working Monday, February 5 Obtained insurance coverage for $9,960 per year. Coverage runs from February 1, 2019, through January 31, 2020. Karenpald $2.490 cash for the first quarter of coverage 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much ta irsure. Karen sold the window cleaning equipment for $3,600 cash. 16 Billed customers $3,700 for cleaning services performed through February 13, 2019. 17 Received $504 from a customer for 4 weeks of cleaning services to begin February 21, 2019. (By paying in advance. this customer received 10% off the normal weekly fee of $150. 18 Paid $400 an amount owed an cleaning supplies. 20 Paid $3 per share to buy 300 shares of Clean Sweep common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed customers $4.000 for cleaning services performed through February 20. 24 Paid cash for employees'wages for 2 weeks (February 9 13 and 16 20). 25 Collected $2,800 cash from customers billed on February 16. 27 Paid $210 for Internet and phone services for March 28 Declared and paid a cash dividend of $0.20 per share. (a) Journalize the February transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the arder presented in the problem.)
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