Ali Hasan opened Ali's Cleaning Service on July 1 st, 2020. During July, the following transactions were completed. July Ali invested BD 20,000 cash in the business Purchased used truck for BD 12,000, paying BD 4,000 cash and the balance on account. 3 Purchased cleaning supplies on account for BD 2,100 5 Paid BD 1,800 cash on a 1-year insurance policy effective July 1 st. 12 Billed customers BD 4,500 for cleaning services 18 Paid BD 1,500 cash on amount owed on truck and BD 1,400 on amount owed on cleaning supplies 20 Paid BD 2,800 cash for employee salaries 21 Collected BD 3,400 cash from customers billed on July 12 th 25 Billed customers BD 6,000 for cleaning services 31 Paid BD 350 for the monthly gasoline bill for the truck Withdrew BD 5,600 cash for personal use. 31 Ali Hasan Co. uses the following chart of accounts: No. 101 Cash, No. 112 Account Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, Np. 157 Equipment, No. 158 Accumulated depreciation- equipment, No. 201 Account Payable, No. 212 Salaries and wages payable, No. 301 Owner's Capital, No. 306 Owner's Drawings, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies expense, No. 633 Gasoline expense, No 711 Depreciation expense, No. 722 Insurance Expense, and No 726 Salaries and Wages expense.
Ali Hasan opened Ali's Cleaning Service on July 1 st, 2020. During July, the following transactions were completed. July Ali invested BD 20,000 cash in the business Purchased used truck for BD 12,000, paying BD 4,000 cash and the balance on account. 3 Purchased cleaning supplies on account for BD 2,100 5 Paid BD 1,800 cash on a 1-year insurance policy effective July 1 st. 12 Billed customers BD 4,500 for cleaning services 18 Paid BD 1,500 cash on amount owed on truck and BD 1,400 on amount owed on cleaning supplies 20 Paid BD 2,800 cash for employee salaries 21 Collected BD 3,400 cash from customers billed on July 12 th 25 Billed customers BD 6,000 for cleaning services 31 Paid BD 350 for the monthly gasoline bill for the truck Withdrew BD 5,600 cash for personal use. 31 Ali Hasan Co. uses the following chart of accounts: No. 101 Cash, No. 112 Account Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, Np. 157 Equipment, No. 158 Accumulated depreciation- equipment, No. 201 Account Payable, No. 212 Salaries and wages payable, No. 301 Owner's Capital, No. 306 Owner's Drawings, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies expense, No. 633 Gasoline expense, No 711 Depreciation expense, No. 722 Insurance Expense, and No 726 Salaries and Wages expense.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hello
Can you help me with this question
Thank you
Transcribed Image Text:a. Journalize and post July transactions. Use page J1 for the journal entry. Fill the reference
number corresponding to account tittles.
General Journal
J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
July 1st
1
12
18
20
21
31
31
25
Transcribed Image Text:Question
Ali Hasan opened Ali's Cleaning Service on July 1 st, 2020. During July, the following transactions
were completed.
July
1
Ali invested BD 20,000 cash in the business
1
Purchased used truck for BD 12,000, paying BD 4,000 cash and the balance
on account.
3
Purchased cleaning supplies on account for BD 2,100
Paid BD 1,800 cash on a 1-year insurance policy effective July 1 st.
12
Billed customers BD 4,500 for cleaning services
18
Paid BD 1,500 cash on amount owed on truck and BD 1,400 on amount owed
on cleaning supplies
20
Paid BD 2,800 cash for employee salaries
21
Collected BD 3,400 cash from customers billed on July 12 th
25
Billed customers BD 6,000 for cleaning services
31
Paid BD 350 for the monthly gasoline bill for the truck
Withdrew BD 5,600 cash for personal use.
31
Ali Hasan Co. uses the following chart of accounts:
No. 101 Cash, No. 112 Account Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, Np. 157
Equipment, No. 158 Accumulated depreciation – equipment, No. 201 Account Payable, No. 212
Salaries and wages payable, No. 301 Owner's Capital, No. 306 Owner's Drawings, No. 350 Income
Summary, No. 400 Service Revenue, No. 631 Supplies expense, No. 633 Gasoline expense, No 711
Depreciation expense, No. 722 Insurance Expense, and No 726 Salaries and Wages expense.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education