Question

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

July 1		Issued 9,400 shares of common stock for $9,400 cash.
1		Purchased used truck for $6,240, paying $1,560 cash and the balance on account.
3		Purchased cleaning supplies for $700 on account.
5		Paid $1,440 cash on a 1-year insurance policy effective July 1.
12		Billed customers $2,890 for cleaning services performed.
18		Paid $780 cash on amount owed on truck and $390 on amount owed on cleaning supplies.
20		Paid $1,560 cash for employee salaries.
21		Collected $1,250 cash from customers billed on July 12.
25		Billed customers $1,950 for cleaning services performed.
31		Paid $230 for maintenance of the truck during month.
31		Declared and paid $470 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.

Prepare a trial balance at July 31.

Answer 1

BRAMBLE WINDOW WASHING CO.

Trial Balance

July 31, 2020

	Debit	Credit
Cash (9400-1560-1440-780-390-1560+1250-230-470)	4220
Accounts receivable (2890-1250+1950)	3590
Supplies	700
Prepaid insurance	1440
Equipment	6240
Maintenance and repairs expense	230
Accounts payable (6240-1560+700-780-390		4210
Salaries and wages expense	1560
Common Stock		9400
Dividends	470
Service revenue (2890+1950)		4840
Totals $	18450	18450

Because this is not an adjusted trial balance Prepaid insurance and other accounts are written as it is.

Please comment to ask any doubt.