PLEASE HELP!!! Note: ALL ONE QUESTION , I only have one chance at turning this...
50.1K
Verified Solution
Link Copied!
Question
Accounting
PLEASE HELP!!! Note: ALL ONE QUESTION , I only have one chance at turning this in I'd highly appreciate the help!!
HELP SOLVE
Current Attempt in Progress Mike Greenberg opened Grouper Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 Owner invested $ 10,300 cash in the company. 1 Purchased used truck for $6,880, paying $ 1.720 cash and the balance on account. 3 5 12 18 Purchased cleaning supplies for $ 770 on account. Paid $ 1,560 cash on a 1-year insurance policy effective July 1. Billed customers $ 3.180 for cleaning services performed. Paid $ 860 cash on amount owed on truck and $ 430 on amount owed on cleaning supplies. Paid $ 1,720 cash for employee salaries. Collected $ 1,380 cash from customers billed on July 12. Billed customers $ 2,150 for cleaning services performed. Paid $ 250 for maintenance of the truck during month. 20 21 25 31 31 Owner withdrew $ 520 cash from the company, (a) Your answer has been saved. See score details after the due date. Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No le) Post adjusting entries to the T-accounts. Cash 7/1 10,3007/1 1.720 7/21 1.380775 1,560 7/18 1.290 7/20 1.720 7/31 250 7/31 520 7/31 Bal. 4,620 Accounts Receivable 7/12 3,180 7/21 1.380 7/25 2.150 711 7/3 7/5 7/12 7/18 7/20 7/21 7/25 7/31 7/31 Bal. Supplies 770 Prepaid Insurance Prepaid Insurance 7/5 1,560 Equipment 7/1 6,880 771 7/3 7/5 7/12 7/18 7/20 7/21 7/25 7/31 7/31 Bal 7/31 Bal. 6,880 Accumulated Depr ent Accounts Payable 7/18 1.290 7/1 5.160 7/3 770 7/31 Bal. 4,640 Salaries and Wages Payable Owner's Capital Owner's Capital 7/1 10,300 7/31 Bal. 10,300 Owner's Drawings 7/31 520 7/31 Bal 520 Service Revenue 7/12 3,180 7/25 2,150 Maintenance and Repairs Expense 7/31 250 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 7/20 1.720 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress Mike Greenberg opened Grouper Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 Owner invested $ 10,300 cash in the company. 1 Purchased used truck for $6,880, paying $ 1.720 cash and the balance on account. 3 5 12 18 Purchased cleaning supplies for $ 770 on account. Paid $ 1,560 cash on a 1-year insurance policy effective July 1. Billed customers $ 3.180 for cleaning services performed. Paid $ 860 cash on amount owed on truck and $ 430 on amount owed on cleaning supplies. Paid $ 1,720 cash for employee salaries. Collected $ 1,380 cash from customers billed on July 12. Billed customers $ 2,150 for cleaning services performed. Paid $ 250 for maintenance of the truck during month. 20 21 25 31 31 Owner withdrew $ 520 cash from the company, (a) Your answer has been saved. See score details after the due date. Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No le) Post adjusting entries to the T-accounts. Cash 7/1 10,3007/1 1.720 7/21 1.380775 1,560 7/18 1.290 7/20 1.720 7/31 250 7/31 520 7/31 Bal. 4,620 Accounts Receivable 7/12 3,180 7/21 1.380 7/25 2.150 711 7/3 7/5 7/12 7/18 7/20 7/21 7/25 7/31 7/31 Bal. Supplies 770 Prepaid Insurance Prepaid Insurance 7/5 1,560 Equipment 7/1 6,880 771 7/3 7/5 7/12 7/18 7/20 7/21 7/25 7/31 7/31 Bal 7/31 Bal. 6,880 Accumulated Depr ent Accounts Payable 7/18 1.290 7/1 5.160 7/3 770 7/31 Bal. 4,640 Salaries and Wages Payable Owner's Capital Owner's Capital 7/1 10,300 7/31 Bal. 10,300 Owner's Drawings 7/31 520 7/31 Bal 520 Service Revenue 7/12 3,180 7/25 2,150 Maintenance and Repairs Expense 7/31 250 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 7/20 1.720 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit
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!