Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during...
Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Summary of Transactions: Dec. 1 Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account Dec. 3 Dec. 5 Dec. 12 Purchased cleaning...
Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Summary of Transactions: Dec. 1 Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account Dec. 3 Dec. 5 Dec. 12 Purchased cleaning...
Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Summary of Transactions: Dec. 1 Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account Dec. 3 Dec. 5 Dec. 12 Purchased cleaning...
Comprehensive Problem: Review of the Accounting Cycle for a Service Company Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Dec. Summary of Transactions: Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance...
Set up T-accounts for the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Service Revenue, Supplies Expense, Gasoline, Expense, Depreciation Expense, Insurance Expense, and Salaries & Wages Expense Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions....
P4-5B Jannero Pargo opened Pargo's Cleaning Service on July 1, 2012. During July the following transactions were completed. July Pargo invested $20,000 cash in the business. 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on one-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...
Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Stockholders invested $20,000 cash in the business in exchange for common stock. Purchased used truck for $8,800, paying $4,100 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount owed...
Julie Molony opened Julie's Maids Cleaning Service on July 1, 2010. During July, the company completed the transactions.July 1 Invested $14,000 cash in the business 1 Purchased a used truck for $10,000 paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $800 on account 5 Paid $1,800 on a one-year insurance policy, effective July 1 12 Billed customers $3,800 for cleaning services 18 Paid $1,000 of amount owed on truck, and $400 of amount owed on...
P4-5A Heidi Jara opened Jara's Cleaning Service on July 1, 2017. During July, the following transactions were completed.July 1 Stockholders invested $ 20,000 cash in the business in exchange for common stock.1 Purchased used truck for $ 9,000, paying $ 4,000 cash and the balance on account.3 Purchased cleaning supplies for $ 2,100 on account.5. Paid $ 1,800 cash on a 1-year insurance policy effective July 1 .12 Billed customers $ 4,500 for cleaning services.18 Paid $ 1,500 cash on...
Comprehensive Problem 4 a-g Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2019. During July, the company completed the following transactions. July 1 Stockholders invested $15,000 cash in the business in exchange for common stock. 1 Purchased a used truck for $11,000, paying $3,200 cash and the balance on account. 3 Purchased cleaning supplies for $800 on account. 5 Paid $1,608 on a 1-year insurance policy, effective July 1. 12 Billed customers $3,900 for cleaning services. 18 Paid...