Mike Greenberg opened Blue Window Washing Inc. on July 1, 2022. During July, the following transactions...
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Mike Greenberg opened Blue Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. Issued 9.100 shares of common stock for $9,100 cash. Purchased used truck for $6,080, paying $1,520 cash and the balance on account. Purchased cleaning supplies for $680 on account. Paid $1,320 cash on a 1-year insurance policy effective July 1. Billed customers $2,810 for cleaning services performed. July 1 1 3 5 12 18 20 21 25 31 31 Paid $760 cash on amount owed on truck and $380 on amount owed on cleaning supplies. Paid $1,520 cash for employee salaries. Collected $1,220 cash from customers billed on July 12. Billed customers $1,900 for cleaning services performed. Paid $220 for maintenance of the truck during month. Declared and paid $460 cash dividend. O Post adjusting entries to the T-accounts. Cash 7/1 7/21 7/31 Bal. Accounts Receivable 7/12 7/25 Supplies 7/3 Prepaid Insurance 7/5 9,100 1,220 4,140 7/1 7/5 7/18 7/20 7/31 7/31 2,810 7/21 1,900 680 1,320 1,520 1,320 1,140 1,520 220 460 1,220 Question 1 of 1 Et Equipment 7/1 7/31 Bal. Accounts Payable 7/18 Accumulated Depreciation-Equipment Salaries and Wages Payable Common Stock Dividends < 7/31 Service Revenue 6,080 6,080 1,140 7/1 7/3 7/31 Bal. 7/1 7/31 Bal. 460 7/12 7/25 4,560 680 4,100 9,100 9,100 2,810 1.900 4 Question 1 of 1 8 FA 9 Maintenance and Repairs Expense 7/31 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 7/20 List of Accounts Sove for Later V 0 220 1,520 FIL acer Backspace Attempts: 0 of 5 used Up Submit Answer Mike Greenberg opened Blue Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. Issued 9.100 shares of common stock for $9,100 cash. Purchased used truck for $6,080, paying $1,520 cash and the balance on account. Purchased cleaning supplies for $680 on account. Paid $1,320 cash on a 1-year insurance policy effective July 1. Billed customers $2,810 for cleaning services performed. July 1 1 3 5 12 18 20 21 25 31 31 Paid $760 cash on amount owed on truck and $380 on amount owed on cleaning supplies. Paid $1,520 cash for employee salaries. Collected $1,220 cash from customers billed on July 12. Billed customers $1,900 for cleaning services performed. Paid $220 for maintenance of the truck during month. Declared and paid $460 cash dividend. O Post adjusting entries to the T-accounts. Cash 7/1 7/21 7/31 Bal. Accounts Receivable 7/12 7/25 Supplies 7/3 Prepaid Insurance 7/5 9,100 1,220 4,140 7/1 7/5 7/18 7/20 7/31 7/31 2,810 7/21 1,900 680 1,320 1,520 1,320 1,140 1,520 220 460 1,220 Question 1 of 1 Et Equipment 7/1 7/31 Bal. Accounts Payable 7/18 Accumulated Depreciation-Equipment Salaries and Wages Payable Common Stock Dividends < 7/31 Service Revenue 6,080 6,080 1,140 7/1 7/3 7/31 Bal. 7/1 7/31 Bal. 460 7/12 7/25 4,560 680 4,100 9,100 9,100 2,810 1.900 4 Question 1 of 1 8 FA 9 Maintenance and Repairs Expense 7/31 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 7/20 List of Accounts Sove for Later V 0 220 1,520 FIL acer Backspace Attempts: 0 of 5 used Up Submit Answer
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Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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