Question: How do I journalize these transactions? FULL SCREEN PRINTER VERSION Ashley Williams opened Ashley's Maids Cleaning Service on July 1, 2017. During July, the company

How do I journalize these transactions?  How do I journalize these transactions? FULL SCREEN PRINTER VERSION Ashley
Williams opened Ashley's Maids Cleaning Service on July 1, 2017. During July,
the company completed the following transactions. uly 1 Invested $16,800 cash in

FULL SCREEN PRINTER VERSION Ashley Williams opened Ashley's Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions. uly 1 Invested $16,800 cash in the business. 1 Purchased a used truck for $10,500, paying $2,600 cash and the balance on account. 3 Purchased cleaning supplies for $800 on account. 5 Paid $1,536 on a one-year insurance policy, effective July 1. 12 Billed customers $4,000 for cleaning services. 18 Paid $1,200 of amount owed on truck, and $270 of amount owed on cleaning supplies. 20 Paid $1,700 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, $200. 31 Withdrew $700 cash for personal use. Journalize the July transactions. (Credit account titles are automaticaly indented when amount is entered. Do not order presented in the problem.) indent manually, Record journal entries in Debit Credit Date Account Titles and Explanation 16800 July 1 Cash 15800 To record cash investment)

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!