Question: Kimmel, Accounting, 6e Help I System Announcements CALCULATOR PRINTER VERSION BACK Comprehensive Accounting Cycle Review 4-1 Mike Greenberg opened Kleene Window Washing Inc. on July
Kimmel, Accounting, 6e Help I System Announcements CALCULATOR PRINTER VERSION BACK Comprehensive Accounting Cycle Review 4-1 Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2017. During July, the following transactions were completed. July 1 Issued 12,000 shares of common stock for $12,000 cash 1 Purchased used truck for $8,000, paying $2,000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. S Paid $1,800 cash on a 1-year insurance policy effective uy 12 Billed customers $3,700 for cleaning services performed. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. 20 Paid $2,000 cash for employee salaries. 21 Collected $1,600 cash from customers billed on July 12. 25 Billed customers $2,500 for cleaning services performed 31 Paid $290 for maintenance of the truck during month 31 Declared and paid $600 cash dividend K The chart of accounts for Kleene Window Washing contains the following accounts: Cash, A Salaries and Wages Payable, Common Stock, Retained Earrings, Dividends, Income Summary, Service Revenue, Maintenance and ccounts Receivable, Supalies, Prepeid Insurance, Equipment. Accumulated Depreciation- Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. Dournalize the July transactions. presented in the problem. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually, Record journal entries in the order Date Account Titles and Explanation Debit Credit 200 Cemmon Stock 8000 2000 Accounts Payable 6000 MacBook Air
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