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Sandhill Clark opened Sandhills Cleaning Service on July 1, 2020. During July, the following transactions were completed. Problem 4-05A a-g (Video) Sandhill Clark opened Sandhill's
Sandhill Clark opened Sandhills Cleaning Service on July 1, 2020. During July, the following transactions were completed.
Problem 4-05A a-g (Video) Sandhill Clark opened Sandhill's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Sandhill invested $19,900 cash in the business. 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. 3 Purchased cleaning supplies for $2,300 on account. 5 Paid $1,800 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,600 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,400 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Withdraw $5,700 cash for personal use. 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 (To record cash invested in business) (To record truck purchased) Accounts Receivable Explanation Debit No. 112 Balance Date Credit Accounts Receivable Explanation Debit No. 112 Balance Date CreditStep by Step Solution
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