Question

Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.

July 1		Issued 8,900 shares of common stock for $8,900 cash.
1		Purchased used truck for $5,920, paying $1,480 cash and the balance on account.
3		Purchased cleaning supplies for $670 on account.
5		Paid $1,320 cash on a 1-year insurance policy effective July 1.
12		Billed customers $2,740 for cleaning services performed.
18		Paid $740 cash on amount owed on truck and $370 on amount owed on cleaning supplies.
20		Paid $1,480 cash for employee salaries.
21		Collected $1,180 cash from customers billed on July 12.
25		Billed customers $1,850 for cleaning services performed.
31		Paid $210 for maintenance of the truck during month.
31		Declared and paid $440 cash dividend.

The chart of accounts for Ayayai Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation—Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense.

AYAYAI WINDOW WASHING INC. Trial Balance Debit Credit Totals

Answer 1

AYAYI WINDOW WASHING INC Day Book 1-Jan-2022 to 31-Dec-2022 Date Particulars Vch Type Vch No. Page 1 Debit Amount Credit Amount Inwards Qty Outwards Qty 1-7-2022 SHARE CAPITAL Cash Receipt 8,900.00 8,900.00 5,920.00 Journal 1,480.00 4,440.00 3-7-2022 Truck A/C Cash Account Payable (Truck) 3-7-2022 Supplies A/C Account Payable (Cleaning Supplies) 5-7-2022 Insurance Policy Cash Journal 670.00 670.00 Journal 1,320.00 1,320.00 2,740.00 2,740.00 740.00 740.00 370.00 370.00 1,480.00 1,480.00 1,180.00 1,180.00 12-7-2022 Account Receivable (Cleaning Service) Journal Cleanning Service 18-7-2022 Account Payable (Truck) Payment Cash 18-7-2022 Account Payable (Cleaning Supplies) Payment Cash 20-7-2022 Employee Salary Payment Cash 21-7-2022 Account Receivable (Cleaning Service) Receipt Cash 25-7-2022 Account Receivable (Cleaning Service) Journal Cleanning Service 31-7-2022 Rapair & Maintainance Payment Cash 31-7-2022 Dividend A/C Payment Cash 31-12-2022 Prepaid Insurance Journal Insurance Policy 31-12-2022 Depreciation A/C Journal Truck A/C 1,850.00 1,850.00 210.00 210.00 440.00 440.00 660.00 660.00 444.00 444.00

AYAYI WINDOW WASHING INC Trial Balance 1-Jan-2022 to 31-Dec-2022 Particulars Page 1 Closing Balance Debit Credit 300.00 3,700.00 3,410.00 4,040.00 4,590.00 Account Payable (Cleaning Supplies) Account Payable (Truck) Account Receivable (Cleaning Service) Cash Cleanning Service Depreciation A/C Dividend A/C Employee Salary Insurance Policy Prepaid Insurance Rapair & Maintainance SHARE CAPITAL Supplies Alc Truck Alc 444.00 440.00 1,480.00 660.00 660.00 210.00 8,900.00 670.00 5,476.00 17,490.00 Grand Total 17,490.00