Question: Accounting Date Sheridan Clark opened Sheridan's Cleaning Service on July 1, 2022. During July, the following transactions were completed. Account Titles and Explanation (To reccrd
Date Sheridan Clark opened Sheridan's Cleaning Service on July 1, 2022. During July, the following transactions were completed. Account Titles and Explanation (To reccrd revent_e earned) (To reccrd depreciation) (To reccrd insurance expired) (To reccrd supplies used) (To reccrd salaies payable) Debit Credit July 1 3 12 18 20 21 25 31 31 Sheridan invested $20,100 cash in the business. Purchased used truck for $9,200, paying $4, 100 cash and the balance on account. Purchased cleaning supplies for $2,000 on account paid $1,680 cash on a I -year insurance policy effective July l. Billed customers $4,400for cleaning services. Paid $1,500 cash on amount owed on truck and $ 1400 on amount owed on cleaning suppli. Paid $2,600 cash for a-nployeesalaries. Collected $3,500 cash from customers billed on July 12. Billed customers for cleaning services. Paid $350 for the monthly gasoline bill for the truck Withdraw $5,700 cash for personal use.
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