Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Straye NWP BU Accrx NWP GILV W Paydo Pl Camp NWI Wassessment-player/index.html?launchid=3044b267-1dee 4ad7-919a-1cbe29139387#/question Imported From Fire... uestion 1 of 1 0.297 Few Policies how Attempt

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Straye NWP BU Accrx NWP GILV W Paydo Pl Camp NWI Wassessment-player/index.html?launchid=3044b267-1dee 4ad7-919a-1cbe29139387#/question Imported From Fire... uestion 1 of 1 0.297 Few Policies how Attempt History Current Attempt In Progress Mike Greenberg opened Ayayai Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 1 3 5 12 Owner invested $8.900 cash in the company. Purchased used truck for $5.920, paying $1,480 cash and the balance on account Purchased cleaning supplies for $670 on account Paid $1,320 cash on a 1-year insurance policy effective July 1 Billed customers $2.740 for cleaning services performed. Paid $740 cash on amount owed on truck and $370 on amount owed on cleaning supplies. Paid $1.480 cash for employee salaries. Collected $1.180 cash from customers billed on July 12 Billed customers $1850 for deaning services performed. Paid S210 for maintenance of the truck during month 18 20 21 25 31 31 Owner withdrew $440 cash from the company. (a) Your answer is partially correct Innlign the histranortinn Iruditerane stlar Arnautomaticall.indant ihan that onlara nasindan mar FH For W ? Stray NWP All Accus NWP Q GTV W Payda PI Cams /assessment-player/index.html?launchid=3044b267-1dee-4ad7-9f9a-1cbe291393878/question/0 NWP Imported From Fire... Question 1 of 1 0.2971 Journalize the July transactions. (Credit occount titles are automatically Indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit ily 1 Cash B900 Owner's Capital 8900 (To record cash invested in the business) ily 1 v Equipment 5920 Accounts Payable 4440 Cash 1480 (To record purchase of truck.) ily 3 Supplles 670 Accounts Payable 670 ily 5 Prepald Insurance 1320 Cash 1320 ily 12 2740 Accounts Recevable 2740 Service Revenue W Stray NWP On Accu NWP 1 GLV W paydo Hassessment player/index.html?launchid -3044b267-1dee-4ad7-919a-1cbe29139387#/question/0 Pl Cam NWP N Imported From Fire. uestion 1 of 1 0.29/1 Senise Revenue i 18 Aunts Payable 1100 Cash 1100 IV 20 Salaries and Wages Experte 1480 Cash 1480 IN 22 Cash 1180 Accounts Receivable 1180 IN 23 Accounts Recevable 1850 Sen Ice Revenue 1850 IN 31 Maintenance and Repairs Expense 210 Cash 210 (To record maintenance of the truck) IN 31 Owner's Drawing 440 Cash 2.0 (To record owner withdraws) W 2 La 3d44b267-1dee-4ad7-9f9a-1cbe2 Imported From Fire... uestion 1 of 1 Cash 7/1 8900 7/1 1480 7/21 1180 7/5 1320 7/18 7/20 1480 7/31 7/31 670 Prepaid Insurance 7/5 1320 7/31 1320 Equipment 7/1 5920 7/31 5920 Accounts Payable 7/1 7/1 4440 7/3 > 670 7/31 Bal Cash 7/1 8900 7/1 1480 7/21 1180 7/5 1320 7/18 7/20 1480 7/31 7/31 670 Prepaid Insurance 7/5 1320 7/31 1320 Equipment 7/1 5920 7/31 5920 Accounts Payable 7/1 7/1 4440 7/3 > 670 7/31 Bal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Report On Trade Conditions In China

Authors: Harry R. Burrill, Raymond F. Crist

1st Edition

1138617806, 9781138617803

More Books

Students also viewed these Accounting questions

Question

Describe two ways of preparing magnesium chloride.

Answered: 1 week ago

Question

List the activities involved in employer-designed HRD programs

Answered: 1 week ago