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this is tge part 1 of the same question Lee Chang opened Cullumber's Window Washing on July 1, 2021. In July, the following transactions were
this is tge part 1 of the same question
Lee Chang opened Cullumber's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 1 Invested $ 20,000 cash in the business. Purchased a used truck for $ 25,200, paying $5.200 cash and signing a note payable for the balance. Paid $2,800 on a one-year insurance policy, effective July 1. Billed customers $4,000 for cleaning services. 1 5 12 Purchased supplies for $ 2,020 on account. Paid $3,000 for employee salaries. 18 25 Billed customers $9,800 for cleaning services. 28 Collected $ 4,000 from customers billed on July 5. 31 Paid $550 for repairs on the truck. 31 Withdrew $2,300 cash for personal use. Cash Date Explanation Ref. Debit Credit Balance July 1 J1 1 J1 1 J1 18 J1 28 J1 31 J1 31 J1 Accounts Receivable Debit Credit Balance Date Explanation Ref. 12C Cloudy to search Home End PgUp $11 1 PrtScn FB FO 1 * DII . FY 76 F5 F4 F2 F3 Accounts Receivable Date Explanation Ref. Debit Credit Balance July 5 J1 25 J1 28 J1 Supplies Credit Balance Date Debit Explanation Ref. July 12 J1 Prepaid Insurance Debit Credit Balance Date Explanation Ref. J1 July 1 Vehicles Balance Credit Debit Date Explanation Ref. A 12C Cloudy 9 o E O Search Polup Accounts Payable Date Explanation Ref. Debit Credit Balance July 12 J1 Notes Payable Credit Date Debit Balance Explanation Ref. July 1 J1 L. Chang, Capital Credit Balance Date Debit Explanation Ref. J1 July 1 L. Chang, Drawings Credit Balance Debit Date Explanation Ref. J1 July 31 Service Revenue Balance Credit Debit Date Explanation Ref. MO 3 12C Cloudy July 5 J1 o - CH 9 o search July 31 1 Service Revenue Date Explanation Ref. Debit Credit Balance July 5 J1 25 J1 Repairs Expense Date Explanation Ref. Debit Credit Balance July 31 J1 Salaries Expense Date Explanation Ref. Debit Credit Balance July 18 J1 e Textbook and Media Attempts: 0 of 5 used Submit Ans Save for Later 12C Cloudy Journalize and post the July transactions to the general ledger. (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 order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record cash invested in the business) (To record purchase of truck) A ENG 12C Cloudy search O BA End Pgup PrtScn Home 19 11 10) x FB DII FG F& F5 F2 F3 (To record purchase of truck) (To record payment of insurance) E 2 12C Cloudy a O BE Type here to search End Question 1 of 1 > - / 40 E (To record payment of fuel) (To record cash withdrawal for personal use) Cash Balance Credit Debit Date Explanation Ref. J1 July 1 A 16 12"C Cloudy O arch Step by Step Solution
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