Comprehensive Problem 4 (Part Level Submission)

Kristin Malone opened Kristins Maids Cleaning Service on July 1, 2015. During July, the company completed the following transactions.

July	1		Stockholders invested $19,200 cash in the business in exchange for common stock.
	1		Purchased a used truck for $10,700, paying $2,900 cash and the balance on account.
	3		Purchased cleaning supplies for $860 on account.
	5		Paid $1,920 on a 1-year insurance policy, effective July 1.
	12		Billed customers $3,600 for cleaning services.
	18		Paid $1,100 of amount owed on truck, and $200 of amount owed on cleaning supplies.
	20		Paid $1,600 for employee salaries.
	21		Collected $1,500 from customers billed on July 12.
	25		Billed customers $1,700 for cleaning services.
	31		Paid gasoline for the month on the truck, $320.
	31		Declared and paid a $720 cash dividend.

Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 cash Debit Credit 19,200 Common Stock 19,200 (To record cash invested in the business.) July 1 Equipment 10,700 Accounts Payable Cash (To record purchase of truck.) Supplies Accounts Payable 7800 2,900 July 3 supplie 860 860 July 5 Prepaid Insurance 1,920 1,920 Cash Accounts Receivable Service Revenue July 12 3,600 3,600 July 18 Accounts Payable 1300 Cash 1300 July 20 2 Salaries and Wages Expense 1,600 Cash 1,600 July 21 Cash 1,500 Accounts Receivable Accounts Receivable Service Revenue 1,500 July 25 1,700 1,700