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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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