Question

1 1 1 Issued $9,000 of common stock for $9,000 of cash. 2 2 1 Purchased used truck for $6,000, paying $3,000 in cash and the balance on account. 3 3 3 Purchased cleaning supplies for $900 on account. 4 5 5 Paid $1,200 cash on a 1-year insurance policy, effective July 1. 5 12 Billed customers $2,500 for cleaning services. 6 13 Brett got a phone call from a manager of a large office building (Axis Building). The manager asked Brett to prepare a bid sheet for washing all of his windows 4 times per month. 7 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. 8 20 Paid $1,200 cash for employee salaries. 9 20 Brett met with the manager of the large office building (Axis Building) and submitted a bid of $5,500 for complete window washing maintenance 4 times per month. The manager liked the bid but had to discuss this large a contract with the owner. Brett is almost sure the work will come in
Chart of account picture attached below

TRIAL BALANCE AND T ACCOUNTS.

Answer 1

	Journal Entries
	Particular	Debit	Credit
1	Cash A/c	9000
	To common stock		9000
2	Truck A/c	6000
	To Cash		3000
	To Accounts payable		3000
3	supplies A/c	900
	To Accounts payable		900
4	Prepaid insurance	1200
	To Cash		1200
5	Accounts receivable	2500
	To service Revenue		2500
6	No entry
7	Account payable	1500
	To cash		1500
8	salaries A/c	1200
	To Cash		1200
9	No entry
10	Cash A/c	1400
	To accounts receivable		1400
11	Accounts receivable	2000
	To service Revenue		2000
12	No entry
13	Gas and Oil expenses	200
	To Cash		200
14	No entry
15	Dividend	300
	To Cash		300
16	No entry
17	Accrued Revenue	1100
	To service reveune		1100
18	Depreciation	200
	To Accumulated depreciation		200
19	Insurance(1200/12)	100
	To prepaid Insurance		100
20	Supplies expenses	300
	To supplies(900-600)		300
21	Salary	400
	To Accrued salary		400

	Ledger
	Cash A/C
Particular	debit	Particular	credit
To common stock	9000	By truck	3000
To accounts receivable	1400	By prepaid insurance	1200
		By accounts payable	1500
		By salary	1200
		By gas and Oil expense	200
		By dividend	300
		By balance	3000
	10400		10400
	Common Stock
Particular	debit	Particular	credit
To balance	9000	By cash	9000
	9000		9000
	Truck
Particular	debit	Particular	credit
To accounts payable	3000	By balance	6000
To Cash	3000		0
	Service reveune
Particular	debit	Particular	credit
To balance	5600	By accounts receivable	2500
		By accounts receivable	2000
		By Accrued revenue	1100
	Gas and Oil expenses
Particular	debit	Particular	credit
To Cash	200	By balance	200
	200		200
	Accounts payable
Particular	debit	Particular	credit
To cash	1500	By truck	3000
To Balnce	2400	By supplies	900
	3900		3900
	Supplies
Particular	debit	Particular	credit
To Account payable	900	By supplies expenses	300
		By balance	600
	Prepaid insurance
Particular	debit	Particular	credit
To cash	1200	By Insurance	100
		By balance	1100
	Accounts receivable
Particular	debit	Particular	credit
To service revenue	2500	By Cash	1400
To service revenue	2000	By balance	3100
	4500		4500
	salaries
Particular	debit	Particular	credit
To Cash	1200	By balance	1650
To Accrued salary	400
	Dividend Add a comment Know the answer? Add Answer to: Chart of account picture attached below TRIAL BALANCE AND T ACCOUNTS. 1 1 1 Issued $9,000... Your Answer: Post as a guest Your Name: What's your source? Earn Coins Coins can be redeemed for fabulous gifts. Log In Sign Up Post as anonymous Post Your Answer Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free. Similar Homework Help Questions Journalize the July transactions AND Journalize the adjustments. Use the provided Chart of Accounts. # Day... Journalize the July transactions AND Journalize the adjustments. Use the provided Chart of Accounts. # Day 1 Description Issued $9,000 of common stock for $9,000 of cash. 1 2 1 Purchased used truck for $6,000, paying $3,000 in cash and the balance on account. 3 3 Purchased cleaning supplies for $900 on account. 4 5 Paid $1,200 cash on a 1-year insurance policy, effective July 1. 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