Mike Greenberg opened Kleene Window Washing Co. on July 1, 2022. During July, the following transactions...
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Mike Greenberg opened Kleene Window Washing Co. on July 1, 2022. During July, the following transactions were completed. Owner invested $12,000 cash in the company. Purchased used truck for $8,000, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. 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. Paid $2,000 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed. Paid $290 for maintenance of the truck during month. Owner withdrew $600 cash from the company. July 1 1 3 5 12 18 20 21 25 31 31 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) 100000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue V Maintenance and Repairs Expense Salaries and Wages Expense V Mike Greenberg opened Kleene Window Washing Co. on July 1, 2022. During July, the following transactions were completed. Owner invested $12,000 cash in the company. Purchased used truck for $8,000, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. 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. Paid $2,000 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed. Paid $290 for maintenance of the truck during month. Owner withdrew $600 cash from the company. July 1 1 3 5 12 18 20 21 25 31 31 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) 100000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue V Maintenance and Repairs Expense Salaries and Wages Expense V
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Related Book For
Introduction to Operations and Supply Chain Management
ISBN: 978-1292093420
4th Global edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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