Question: Here is the question and the answer to part 1: Mike Greenberg opened Martinez Window Washing Inc. on July 1, 2022. During July, the following

Here is the question and the answer to part 1:

Here is the question and the answer to part 1: Mike Greenbergopened Martinez Window Washing Inc. on July 1, 2022. During July, the

following transactions were completed. July 1 Issued 10,800 shares of common stockfor $10,800 cash. 1 Purchased used truck for $7,200, paying $1,800 cash

Mike Greenberg opened Martinez Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 10,800 shares of common stock for $10,800 cash. 1 Purchased used truck for $7,200, paying $1,800 cash and the balance on account. 3 Purchased cleaning supplies for $810 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,330 for cleaning services performed. 18 Paid $900 cash on amount owed on truck and $450 on amount owed on cleaning supplies. 20 Paid $1,800 cash for employee salaries. 21 Collected $1,440 cash from customers billed on July 12. 25 Billed customers $2,250 for cleaning services performed. 31 Paid $260 for maintenance of the truck during month. 31 Declared and paid $540 cash dividend. The chart of accounts for Martinez Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. Journal entries: Date Account titles and (July) explanation 1 Cash Common Stock 1 Equipment Cash Accounts Payable 3 Supplies Accounts Payable Prepaid Insurance Cash Accounts Receivable Service Revenue Accounts Payable Cash Salaries and Wages Expense Cash Cash Accounts Receivable Accounts Receivable Service Revenue Maintenance and Repairs Expense Cash Dividends Cash 5 12 18 20 21 25 31 31 Debit ($) 10,800 7,200 810 1,680 3,330 1,350 1,800 1,440 2,250 260 540 Credit ($) 10,800 1,800 5,400 810 1,680 3,330 1,350 1,800 1,440 2,250 260 540 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment > > > Accounts Payable Common Stock Dividends Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense Save for Later > > > Attempts: 0 of 3 used Submit Answer Mike Greenberg opened Martinez Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 10,800 shares of common stock for $10,800 cash. 1 Purchased used truck for $7,200, paying $1,800 cash and the balance on account. 3 Purchased cleaning supplies for $810 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,330 for cleaning services performed. 18 Paid $900 cash on amount owed on truck and $450 on amount owed on cleaning supplies. 20 Paid $1,800 cash for employee salaries. 21 Collected $1,440 cash from customers billed on July 12. 25 Billed customers $2,250 for cleaning services performed. 31 Paid $260 for maintenance of the truck during month. 31 Declared and paid $540 cash dividend. The chart of accounts for Martinez Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. Journal entries: Date Account titles and (July) explanation 1 Cash Common Stock 1 Equipment Cash Accounts Payable 3 Supplies Accounts Payable Prepaid Insurance Cash Accounts Receivable Service Revenue Accounts Payable Cash Salaries and Wages Expense Cash Cash Accounts Receivable Accounts Receivable Service Revenue Maintenance and Repairs Expense Cash Dividends Cash 5 12 18 20 21 25 31 31 Debit ($) 10,800 7,200 810 1,680 3,330 1,350 1,800 1,440 2,250 260 540 Credit ($) 10,800 1,800 5,400 810 1,680 3,330 1,350 1,800 1,440 2,250 260 540 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment > > > Accounts Payable Common Stock Dividends Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense Save for Later > > > Attempts: 0 of 3 used Submit

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