Mike Greenberg Journal Entries
Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed.
|July 1||Issued 15,385 shares of common stock for $15,385 cash.|
|1||Purchased used truck for $11,385, paying $2,084 cash and the balance on account.|
|3||Purchased cleaning supplies for $942 on account.|
|5||Paid $2,040 cash on a 1-year insurance policy effective July 1.|
|12||Billed customers $4,870 for cleaning services.|
|18||Paid $1,284 cash on amount owed on truck and $538 on amount owed on cleaning supplies.|
|20||Paid $2,261 cash for employee salaries.|
|21||Collected $1,635 cash from customers billed on July 12.|
|25||Billed customers $2,679 for cleaning services.|
|31||Paid $386 for maintenance of the truck during month.|
|31 Declared and paid $650 cash dividend.
A. Journalize the July Transactions.