Mike Greenberg opened Novak Window Washing Co. on July 1, 2020. During July, the following transactions were completed.July 1 Owner invested $11,300 cash in the company. 1 Purchased used truck for $7,520, paying $1,880 cash and the balance on account. 3 Purchased cleaning supplies for $850 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $3,480 for cleaning services performed. 18 Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies. 20 Paid $1,880 cash for employee salaries. 21 Collected $1,500 cash from customers billed on July 12. 25 Billed customers $2,350 for cleaning services performed. 31 Paid $270 for maintenance of the truck during month. 31 Owner withdrew $560 cash from the company.Post to the Ledger Accounts.Cashdateamountdateamount balance Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner’s Drawings Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense

Name: Mike Greenberg opened Novak Window Washing Co. on July 1, 2020. During
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Mike Greenberg opened Novak Window Washing Co. on July 1, 2020. During July, the following transactions were completed.July 1 Owner invested $11,300 cash in the company. 1 Purchased used truck for $7,520, paying $1,880 cash and the balance on account

Answered: Image /qna-images/answer/1f3bf308-a005-4655-911e-9c71d86b3e68.jpg

Answered: Post to the Ledger Accounts.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 4PA: On March 1 of this year, B. Gervais established Gervais Catering Service. The account headings are...

See similar textbooks

Related questions

Concept explainers

Topic Video

Question

Mike Greenberg opened Novak Window Washing Co. on July 1, 2020. During July, the following transactions were completed.

July 1		Owner invested $11,300 cash in the company.
1		Purchased used truck for $7,520, paying $1,880 cash and the balance on account.
3		Purchased cleaning supplies for $850 on account.
5		Paid $1,680 cash on a 1-year insurance policy effective July 1.
12		Billed customers $3,480 for cleaning services performed.
18		Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies.
20		Paid $1,880 cash for employee salaries.
21		Collected $1,500 cash from customers billed on July 12.
25		Billed customers $2,350 for cleaning services performed.
31		Paid $270 for maintenance of the truck during month.
31		Owner withdrew $560 cash from the company.

Post to the Ledger Accounts.

Cash
date	amount	date	amount





balance

Accounts Receivable

Supplies

Prepaid Insurance

Equipment

Accounts Payable

Owner's Capital

Owner’s Drawings

Service Revenue

Maintenance and Repairs Expense

Salaries and Wages Expense

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 6 steps with 13 images

SEE SOLUTION Check out a sample Q&A here

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.

Similar questions