Question

Restaurant Concenience Store le Assignment Acribillan al "Pollo", sang- www.lapress.hr El "Pollo perdid a vida Question 1 of 1 < 0.93/1 Show Attempt History 5 Mike Greenberg opened Bridgeport Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 9,600 shares of common stock for $9,600 cash. 1 Purchased used truck for $6,400, paying $1,600 cash and the balance on account 3 Purchased cleaning supplies for $720 on account. Paid $1,440 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,960 for cleaning services performed 18 Paid $800 cash on amount owed on truck and $400 on amount owed on cleaning supplies. 20 Paid $1,600 cash for employee salaries. 21 Collected $1.280 cash from customers billed on July 12. 25 Billed customers $2,000 for cleaning services performed 31 Paid $230 for maintenance of the truck during month. 31 Declared and paid $480 cash dividend. The chart of accounts for Bridgeport 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

Credit $ Date July 1 Accounts & Explanation Cash Common Stock Debit $ $9,600 $9,600 July 1 $6,400 Truck Cash Accounts Payable $1,600 $4,800 July 3 $720 Supplies Accounts Payable $720 July 5 $1,440 Prepaid Insurance Cash $1,440 July 12 $2,960 Accounts Receivable Service Revenue $2,960 July 18 Accounts Payable- Truck Accounts Payable - Supplies Cash $800 400 $1,200 July 20 $1,600 Salaries and Wages Expense Cash $1,600 July 21 $1,280 Cash Accounts Receivable $1,280 July 25 $2,000 Accounts Receivable Service Revenue $2,000 July 31 $230 Maintenance and Repair Expense Cash $230 July 31 $480 Dividends Cash $480