July 1-Owner invested $ 9,100 cash in the company. July 1 -Purchased used truck for $ 6,080, paying $ 1,520 cash and the balance on account July 3 -Purchased cleaning supplies for $ 680 on account. July 5 -Paid $ 1,320 cash on a 1-year insurance policy effective July 1. July 12 -Billed customers $ 2,810 for cleaning services performed. July 18- Paid $ 760 cash on amount owed on truck and $ 380 on amount owed on cleaning supplies. July 20 -Paid $ 1,520 cash for employee salaries. July 21 -Collected $ 1,220 cash from customers billed on July 12. July 25 -Billed customers $ 1,900 for cleaning services performed. July 31-Paid $ 220 for maintenance of the truck during month. July 31 -Owner withdrew $ 460 cash from the company.
July 1-Owner invested $ 9,100 cash in the company. July 1 -Purchased used truck for $ 6,080, paying $ 1,520 cash and the balance on account July 3 -Purchased cleaning supplies for $ 680 on account. July 5 -Paid $ 1,320 cash on a 1-year insurance policy effective July 1. July 12 -Billed customers $ 2,810 for cleaning services performed. July 18- Paid $ 760 cash on amount owed on truck and $ 380 on amount owed on cleaning supplies. July 20 -Paid $ 1,520 cash for employee salaries. July 21 -Collected $ 1,220 cash from customers billed on July 12. July 25 -Billed customers $ 1,900 for cleaning services performed. July 31-Paid $ 220 for maintenance of the truck during month. July 31 -Owner withdrew $ 460 cash from the company.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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July 1-Owner invested $ 9,100 cash in the company.
July 1 -Purchased used truck for $ 6,080, paying $ 1,520 cash and the balance on account
July 3 -Purchased cleaning supplies for $ 680 on account.
July 5 -Paid $ 1,320 cash on a 1-year insurance policy effective July 1.
July 12 -Billed customers $ 2,810 for cleaning services performed.
July 18- Paid $ 760 cash on amount owed on truck and $ 380 on amount owed on cleaning supplies.
July 20 -Paid $ 1,520 cash for employee salaries.
July 21 -Collected $ 1,220 cash from customers billed on July 12.
July 25 -Billed customers $ 1,900 for cleaning services performed.
July 31-Paid $ 220 for maintenance of the truck during month.
July 31 -Owner withdrew $ 460 cash from the company.
Transcribed Image Text:Prepare an adjusted trial balance.
BLUE WIND OW WASHING CO.
Trial Balance
Debit
Totals
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