Accounting Cycle Review 4-01 a-i (Part Level Submission) Mike Greenberg opened Ayayai Window Washing Co. on July 1, 2020. During July, the following transactions were completed July 1 Owner invested $14,400 cash in the company Purchased used truck for $9,600, paying $2,400 cash and the balance on account. Purchased cleaning supplies for $1,080 on account. 1 3 5 Paid $2,160 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,440 for cleaning services performed 18 Paid $1,200 cash on amount owed on truck and $600 on amount owed on cleaning supplies. 20 Paid $2,400 cash for employee salaries. 21 Collected $1,920 cash from customers billed on July 12 25 Billed customers $3,000 for cleaning services performed 31 Paid $350 for maintenance of the truck during month. 31 Owner withdrew $720 cash from the company (g3) Your answer is partially correct. Try again Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) AYAYAI WINDOW WASHING CO Balance Sheet For the Months Ended July 31, 2020 Assets Current Assets Cash 6490 6497560 Accounts Receivable Supplies 380 Equipment 9600 Total Assets 25790 Total Assets Accounts Payable Less 220 25570 Accumulated Depreciation-Equipment Total Assets 25790 Liabilities and Owner's Equity Current Liabilities Accounts Payable 6480 Salaries and Wages Payable 480 Long-term Liabilities 6960 Owner's Equity Owner's Capital 18830 Total Liabilities and Owner's Equity 25790 Accounting Cycle Review 4-01 a-i (Part Level Submission) Mike Greenberg opened Ayayai Window Washing Co. on July 1, 2020. During July, the following transactions were completed July 1 Owner invested $14,400 cash in the company Purchased used truck for $9,600, paying $2,400 cash and the balance on account. Purchased cleaning supplies for $1,080 on account. 1 3 5 Paid $2,160 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,440 for cleaning services performed 18 Paid $1,200 cash on amount owed on truck and $600 on amount owed on cleaning supplies. 20 Paid $2,400 cash for employee salaries. 21 Collected $1,920 cash from customers billed on July 12 25 Billed customers $3,000 for cleaning services performed 31 Paid $350 for maintenance of the truck during month. 31 Owner withdrew $720 cash from the company (g3) Your answer is partially correct. Try again Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) AYAYAI WINDOW WASHING CO Balance Sheet For the Months Ended July 31, 2020 Assets Current Assets Cash 6490 6497560 Accounts Receivable Supplies 380 Equipment 9600 Total Assets 25790 Total Assets Accounts Payable Less 220 25570 Accumulated Depreciation-Equipment Total Assets 25790 Liabilities and Owner's Equity Current Liabilities Accounts Payable 6480 Salaries and Wages Payable 480 Long-term Liabilities 6960 Owner's Equity Owner's Capital 18830 Total Liabilities and Owner's Equity 25790