July 1July 1July 3July 5July 12July 18CashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentAccumulated Depreciation-EquipmentAccounts PayableSalaries and Wages PayableCommon StockRetained EarningsMaintenance and Repairs ExpenseSupplies ExpenseDepreciation Expense14,400552010802160960035024006480744C1440C Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2025. During July, the following transactions were completed.July 113512182021253131Issued 14,400 shares of common stock for $14,400 cash.Purchased used truck for $9,600, paying $2,400 cash and the balance on account.Purchased cleaning supplies for $1,080 on account.Paid $2,160 cash on a 1-year insurance policy effective July 1.Billed customers $4,440 for cleaning services performed.Paid $1,200 cash on amount owed on truck and $600 on amount owed on cleaning supplies.Paid $2,400 cash for employee salaries.Collected $1,920 cash from customers billed on July 12.Billed customers $3,000 for cleaning services performed.Paid $350 for maintenance of the truck during month.Declared and paid $720 cash dividend.The chart of accounts for Ayayai Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, PrepaidInsurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock,

Name: July 1July 1July 3July 5July 12July 18CashAccounts ReceivableSupplies
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Description: July 1July 1July 3July 5July 12July 18CashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentAccumulated Depreciation-EquipmentAccounts PayableSalaries and Wages PayableCommon StockRetained EarningsMaintenance and Repairs ExpenseSupplies ExpenseDe

Journal entry is a primary entry that records the financial transactions initially. The transactions…

Answered: Mike Greenberg opened Ayayai Window…

Business

Accounting

Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2025. During July, the following transactions were completed.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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