ignment Problem 4-5A Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July,...

80.2K

Verified Solution

Question

Accounting

image
image
ignment Problem 4-5A Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased deaning supplies for $2,100 on account. 5 Paid $1,800 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on dleaning supplies 20 Paid $2,800 cash for employee salaries. 21 Collected $3,400 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Withdrew $5,600 cash for personal use. oue naliae the July transactions. (Credit account titiles are automatically indented when amount is entered. Do not the problem.) Date Account Titles and Explanation Debit Crdit uly 1Cash 20,000 Owner's Capital 20,000 (To record cash invested in business) uly 1 Rights Reserved. A Division of 2ohn Ws 40

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students