Question: Current Attempt in Progress Mike Greenberg opened Pina Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1

Current Attempt in Progress Mike Greenberg opened Pina Window Washing Inc. onJuly 1, 2022. During July, the following transactions were completed. July 1Issued 11.500 shares of common stock for $11,500 cash. 1 3 5Purchased used truck for $7,680, paying $1.920 cash and the balance onaccount. Purchased cleaning supplies for $860 on account. Paid $1.680 cash ona 1-year insurance policy effective July 1. 12 Billed customers $3.550 forcleaning services performed. 18 Paid $960 cash on amount owed on truckand $480 on amount owed on cleaning supplies. 20 Paid $1,920 cashfor employee salaries. 21 Collected $1.540 cash from customers billed on July12. 25 Billed customers $2,400 for cleaning services performed. 31 Paid $280for maintenance of the truck during month. 31 Declared and paid $580cash dividend. The chart of accounts for Pina Window Washing contains thefollowing accounts: Cash, Accounts Receivable, Supplies, Prepaid Jourance Fauipment, Accumulated Depreciation-Equipment, AccountsPayable, Salaries and Wages Payable, Common Stock, Domain Expense Supplies Expense. Depreciation

Current Attempt in Progress Mike Greenberg opened Pina Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 11.500 shares of common stock for $11,500 cash. 1 3 5 Purchased used truck for $7,680, paying $1.920 cash and the balance on account. Purchased cleaning supplies for $860 on account. Paid $1.680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3.550 for cleaning services performed. 18 Paid $960 cash on amount owed on truck and $480 on amount owed on cleaning supplies. 20 Paid $1,920 cash for employee salaries. 21 Collected $1.540 cash from customers billed on July 12. 25 Billed customers $2,400 for cleaning services performed. 31 Paid $280 for maintenance of the truck during month. 31 Declared and paid $580 cash dividend. The chart of accounts for Pina Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Jourance Fauipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Domain Expense Supplies Expense. Depreciation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!