Question

Mike Greenberg opened Bramble Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 14,900 shares of common stock for $14,900 cash. 1 Purchased used truck for $9,920, paying $2,480 cash and the balance on account. Purchased cleaning supplies for $1,120 on account. 3 5 Paid $2,280 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,590 for cleaning services performed. 18 Paid $1,240 cash on amount owed on truck and $620 on amount owed on cleaning supplies. Paid $2,480 cash for employee salaries. Collected $1,980 cash from customers billed on July 12. 25 Billed customers $3,100 for cleaning services performed. 31 Paid $360 for maintenance of the truck during month. 31 Declared and paid $740 cash dividend. The chart of accounts for Bramble 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.

Answer 1

or T- Accounts cash ALC lllu hinuidad ilini ca t or Accounts payable & salon To Cash 1860 By Equilament 1. tur fent To Balance cld 6700 By suppies 107440 To common stock 1120 To Accounts Receivable & 14,900 1900 E 10 By Equikment qaro UR By prepaid Inbutrance 2280 8560 Supplies 3560 07 By Accounts payable 1860 l To Accounts payable 1/20 co By Lalorid kulazos By Balance od 120 3480 120 de 1120 maneed, 360 08 prepaid Insurance By pluiden ! W ir las by Dividends 1 740 Om By Qalance claizigo 2280 !! 2280 Accounts Receivable Balance clding 6680 Torstand 16880 16880 to service Revenue 4590 To hornice Revenue 3100 D Common stock By Cash 1980 By Balance cld 5710 co To Balance old 14,900 7690 14900 By cash 14900 Equipment Al 7690 Service 14,900 Revenue 00 DO Tho Balance eld CY 7690 By Accounts Receivable uso To cash 24B0 By Balanceold 9920 By Accounts receivable 3100 To Accounts payable 7440 9920 7690 7690 9920

Salaries & wages Esbene an cr Trail Balance - particulars to cash af 2480 By Balance eld 2 Debit ترلر (9) 24480 2480 Cash 6680 op maintenance & common stock Equipment 14900 Repairs expense! 9920 to cash 360 o By Balance old Accounts payable 360 6700 362 :1 Subpplies 360 1120 prepaid Insurance DY Diuisinds to cash loa n 140 By Balance old 2220 740 Accounts Receivable 5710 740 740 Service Revenue 7690 Salaries & wages e nse 2480 maintenance & Repairs Exckanle 360 Dividends 740 29290 29,290

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