Mike Greenberg opened Monty Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 Owner invested $11,000 cash in the company. 1 Purchased used truck for $7,360, paying $1,840 cash and the balance on account. Purchased cleaning supplies for $830 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,400 for cleaning services performed. 18 Paid $920 cash on amount owed on truck and $460 on amount owed on cleaning supplies. 20 Paid $1.840 cash for employee salaries. 21 Collected $1,470 cash from customers billed on July 12. 25 Billed customers $2.300 for cleaning services performed. 31 Paid $270 for maintenance of the truck during month. 31 Owner withdrew $550 cash from the company.

Mike Greenberg opened Monty Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 Owner invested $11,000 cash in the company. 1 Purchased used truck for $7,360, paying $1,840 cash and the balance on account. Purchased cleaning supplies for $830 on account. Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,400 for cleaning services performed. 18 Paid $920 cash on amount owed on truck and $460 on amount owed on cleaning supplies. 20 Paid $1.840 cash for employee salaries. 21 Collected $1,470 cash from customers billed on July 12. 25 Billed customers $2.300 for cleaning services performed. 31 Paid $270 for maintenance of the truck during month. 31 Owner withdrew $550 cash from the company.

Name: Mike Greenberg opened Monty Window Washing Co. on July 1, 2022. Durin
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Description: Mike Greenberg opened Monty Window Washing Co. on July 1, 2022. During July, the following transactions were completed.July 1Owner invested $11,000 cash in the company.1Purchased used truck for $7,360, paying $1,840 cash and the balance on account.P

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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