Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
July 1 Issued 11,300 shares of common stock for $11,300 cash.
1 Purchased used truck for $7,520, paying $1,880 cash and the balance on account.
3 Purchased cleaning supplies for $850 on account.
5 Paid $1,680 cash on a 1-year insurance policy effective July 1.
12 Billed customers $3,480 for cleaning services performed.
18 Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies.
20 Paid $1,880 cash for employee salaries.
21 Collected $1,500 cash from customers billed on July 12.
25 Billed customers $2,350 for cleaning services performed.
31 Paid $270 for maintenance of the truck during month.
31 Declared and paid $560 cash dividend.
Required:
Journalize the July transactions.
Answers: 2
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Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transact...
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