var, Drawing  Fees Earned

Mike Greenberg opened Swifty Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. Issued 12,400 shares of common stock for $12,400 cash. Purchased used truck for $7,700, paying $1,900 cash and the balance on account. Purchased cleaning supplies for $1,000 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $3,900 for cleaning services performed. Paid $900 cash on amount owed on truck and $500 on amount owed on cleaning supplies. July 1 1 3 5 12 18 20 21 25 31 31 Paid $2,000 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,400 for cleaning services performed. Paid $310 for maintenance of the truck during month. Declared and paid $500 cash dividend.

2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer: Type answer here. 3. Prepare a T account for each transaction. Label the account title for each account affected. Use the chart for accounts you created in question 1. Write the debit and credit amounts for each T account to show how the accounts are affected. The first one is done. c. Received cash from owner, Roger Fisher, as an investment, $10,000.00 d. Paid cash for insurance, $ 2, 400.00 e. Bought supplies on a account to Salmon Slayers, $600.00 Paid cash for fuel, $500.00 Paid cash to owner, Roger Fisher, for personal use, $1,250.00

Match each of the five items listed below with one of the following​ locations: 1. Located on the Income Statement debit column of the worksheet 2. Located on the Income Statement credit column of the worksheet 3. Located on the Balance Sheet debit column of the worksheet 4. Located on the Balance Sheet credit column of the worksheet                                               a. Sales Returns and Allowances                                               b. Accrued Salaries Payable                                               c. Sales                                               d. Merchandise Inventory                                               e. Accounts Receivable   a. Sales Returns and Allowance     1. Located on the Income Statement debit column of the worksheet   2. Located on the Income Statement credit column of the worksheet   3. Located on the Balance Sheet debit column of the worksheet   4. Located on the Balance Sheet credit column of the…