Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

View Policies Show Attempt History Current Attempt in Progress Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions

image text in transcribed
image text in transcribed
image text in transcribed
View Policies Show Attempt History Current Attempt in Progress Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 20 Issued 9,800 shares of common stock for $9.800 cash, Purchased used truck for $6,560, paying $1,640 cash and the balance on account. Purchased cleaning supplies for $740 on account. Paid $1,440 cash on a 1-year insurance policy effective July 1. Billed customers $3,030 for cleaning services performed. Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies. Paid $1,640 cash for employee salaries. Collected $1,310 cash from customers billed on July 12. Billed customers $2.050 for cleaning services performed. Paid $240 for maintenance of the truck during month Declared and paid $490 cash dividend, 21 25 31 31 The chart of accounts for Cheyenne Window Washing contains the following accounts: Cash, Accounts Receivable Supplies Prepaid Insurance Equipment. Accumulated Depreciation EquipmentAccounts Payable, Salaries and Wages Payable, Common Stock Retained Earnings, Dividends. Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. (a) Your answer is partially correct 0.06/1 manuany. Record journamentes the order presented in the problemi entry is required, select "No Entry for the countries and enter for the amounts.) Date Account Titles and Explanation Debil Credit uly 1 Cash Share Capital aly 1 Truck Cash Notes Payable aly 3 Prepaid Cleaning Accounts Payable uly 5 Prepaid Insurance Cash aly 12 Accounts Receivable Service Revenue aly 18 Payable for foxed Assets Accounts Payable 20 Salaries and Wages Expense aly 21 Cash Accounts Receivable Question 1 of 1 0.06/1 TIT mayoung uly 20 Salaries and Wages Expense Cash aly 21 Cash Accounts Receivable uly 25 Accounts Receivable Service Revenue aly 31 Truck maintenance Cash aly 31 Dividends Cash e Textbook and Media List of Accounts Attempts: 1 of 3 used Submit Answer Save for later

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

Management Accounting International

Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young

4th Edition

0131230263, 978-0131230262

More Books

Students also viewed these Accounting questions

Question

Are your goals SMART?

Answered: 1 week ago