Homework Help is Here – Start Your Trial Now!
Business
Accounting
July 1 1 3 5 12 18 20 Owner invested $12,000 cash in the company. Purchased used truck for $8,000, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $3,700 for cleaning services performed. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries.

July 1 1 3 5 12 18 20 Owner invested $12,000 cash in the company. Purchased used truck for $8,000, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $3,700 for cleaning services performed. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Please do not give solution in image format thanku
W Mike Greenberg opened Kleene Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 20 21 25 31 31 Owner invested $12,000 cash in the company. Purchased used truck for $8,000, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $3,700 for cleaning services performed. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed. Paid $290 for maintenance of the truck during month. Owner withdrew $600 cash from the company. Prepare a post-closing trial balance at July 31. KLEENE WINDOW WASHING CO. Post-Closing Trial Balance For the Month Ended July 31, 2022 For the Year Ended July 31, 2022 July 31.2022 $ V $ Credit
Transcribed Image Text:W Mike Greenberg opened Kleene Window Washing Co. on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 20 21 25 31 31 Owner invested $12,000 cash in the company. Purchased used truck for $8,000, paying $2,000 cash and the balance on account. Purchased cleaning supplies for $900 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $3,700 for cleaning services performed. Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed. Paid $290 for maintenance of the truck during month. Owner withdrew $600 cash from the company. Prepare a post-closing trial balance at July 31. KLEENE WINDOW WASHING CO. Post-Closing Trial Balance For the Month Ended July 31, 2022 For the Year Ended July 31, 2022 July 31.2022 $ V $ Credit
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS