FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Mike Greenberg opened Cheyenne Window Washing Co. on July 1, 2020. During July, the following transactions were completed.
List of accounts:
- Accounts Payable
Accounts Receivable Accumulated Depreciation -Buildings- Accumulated Depreciation-Equipment
- Accumulated Depreciation-Delivery Trucks
- Advertising Expense
- Buildings
- Cash
- Debt Investments
- Delivery Trucks
- Depreciation Expense
- Equipment
- Gasoline Expense
- Income Summary
- Income Tax Expense
- Income Taxes Payable
- Insurance Expense
- Interest Expense
- Interest Payable
- Interest Receivable
- Interest Revenue
- Inventory
- Land
- Long-term Debt
- Long-term Investments
- Maintenance and Repairs Expense
- Miscellaneous Expense
- Mortgage Payable
- No Entry
- Notes Payable
- Notes Receivable
- Owner's Capital
- Owner's Drawings
- Patent Needs
- Prepaid Advertising
- Prepaid Insurance
- Prepaid Rent
- Rent Expense
- Rent Revenue
- Salaries and Wages Expense
- Salaries and Wages Payable
- Service Revenue
- Short-Term Investments
- Stock Investments
- Supplies
- Supplies Expense
- Ticket Revenue
- Unearned Rent Revenue
- Unearned Service Revenue
- Utilities Expense
| July 1 | Owner invested $9,800 cash in the company. | ||
| 1 | Purchased used truck for $6,560, paying $1,640 cash and the balance on account. | ||
| 3 | Purchased cleaning supplies for $740 on account. | ||
| 5 | Paid $1,440 cash on a 1-year insurance policy effective July 1. | ||
| 12 | Billed customers $3,030 for cleaning services performed. | ||
| 18 | Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies. | ||
| 20 | Paid $1,640 cash for employee salaries. | ||
| 21 | Collected $1,310 cash from customers billed on July 12. | ||
| 25 | Billed customers $2,050 for cleaning services performed. | ||
| 31 | Paid $240 for maintenance of the truck during month. | ||
| 31 | Owner withdrew $490 cash from the company. |
Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record
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