Journalizing Accounting Transactions
Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. During
July the following transactions were completed:
July 1Issued 15,529 shares of common stock for $15,529 cash.
July 1Purchased used truck for $11,529, paying $2,018 cash and balance
July 3Purchased cleaning supplies for $933 on account.
July 5Paid $1,800 cash on 1-year insurance policy effective July 1.
July 12Billed customers $4,850 for cleaning services.
July 18Paid $1,013 cash on amount owed on truck and $534 on amount
owed on cleaning supplies.
July 20Paid $2047 cash for employee salaries.
July 21Collected $1,674 cash from customers billed on July 12.
July 25Billed customers $2,603 for cleaning services.
July 31Paid $363 for maintenance of the truck during month.
July 31Declared and paid $623 cash dividend.
Journalize the July transactions. (Credit account titles are automatically
indented when the amount is entered. Record journal entries in the
order presented in the problem.
This question was answered on: Sep 16, 2020
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