Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance columns of the worksheet Wildhorse Clark opened Wildhorse's Cleaning Service on July 1 , 2 0 2 2 . During July, the

The trial balance columns of the worksheet
Wildhorse Clark opened Wildhorse's Cleaning Service on July 1,2022. During July, the following transactions were completed.
July 1 Wildhorse invested $19,800 cash in the business.
1 Purchased used truck for $9,100, paying $3,900 cash and the balance on account.
3 Purchased cleaning supplies for $1,900 on account.
5 Paid $1,800 cash on a 1-year insurance policy effective July 1.
12 Billed customers $4,400 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 $3,300 cash from customer's billed on July 12.
25 Billed customers $6,000 for cleaning services.
31 Paid $350 for the monthly gasoline bill for the truck.
31 Withdraw $5,600 cash for personal use.
(a1).
(a2)
Post the July transactions. (Post entries in the order of joumal entries posted above.)for Oriole Roofing at March 31,2022, are as follows.
Other data:
A physical count reveals only $700 of roofing supplies on hand.
Depreciation for March is $247.
Unearned revenue amounted to $150 at March 31.
Accrued salaries are $600.
(a)
(b1)
(b2)
(b3).
(c)
Your answer is correct.
Journalize the adjusting entries from the adjustments columns of the worksheet. (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 0 for the
amounts.)
image text in transcribed

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

Sound Investing, Chapter 22 - Management Discussion And Analysis

Authors: Kate Mooney

1st Edition

007171944X, 9780071719445

More Books

Students also viewed these Accounting questions

Question

2Al(s) + Cr2O72(aq) + 14H+(aq) 2Al3+(aq) + 2Cr3+(aq) + 7H2O(l)

Answered: 1 week ago