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What is the cash balance for jaras cleaning service as of July 31, 2017? P4-5A Heidi Jara opened Jara's Cleaning Service on July 1, 2017.
What is the cash balance for jaras cleaning service as of July 31, 2017?
P4-5A Heidi Jara opened Jara's Cleaning Service on July 1, 2017. During July, the follow- ng transactions were completed. uly 1 Stockholders invested $20,000 cash in the business in exchange for common stock. 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2,500 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 $350 for the monthly gasoline bill for the truck. 31 Paid a $5,600 cash dividend Step by Step Solution
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