Question: P4-5A Devine Brown opened Devine's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 Invested $10,000 cash in the business.
P4-5A Devine Brown opened Devine's Carpet Cleaners on March 1. During March, the following transactions were completed.
Mar. 1 Invested $10,000 cash in the business.
1 Purchased used truck for $6,000, paying $3,000 cash and the balance on account.
3 Purchased cleaning supplies for $1,200 on account.
5 Paid $1,200 cash on one-year insurance policy effective March 1.
14 Billed customers $4,800 for cleaning services.
18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning
supplies.
20 Paid $1,800 cash for employee salaries.
21 Collected $1,400 cash from customers billed on March 14.
28 Billed customers $2,500 for cleaning services.
31 Paid gasoline for month on truck $200.
31 Withdrew $700 cash for personal use
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