Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.)
Mike Greenberg opened Cheyenne Window Washing Co. on July 1, 2020. During July, the following transactions were completed.
| July 1 | Owner invested $9,800 cash in the company. | ||
| 1 | Purchased used truck for $6,560, paying $1,640 cash and the balance on account. | ||
| 3 | Purchased cleaning supplies for $740 on account. | ||
| 5 | Paid $1,440 cash on a 1-year insurance policy effective July 1. | ||
| 12 | Billed customers $3,030 for cleaning services performed. | ||
| 18 | Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies. | ||
| 20 | Paid $1,640 cash for employee salaries. | ||
| 21 | Collected $1,310 cash from customers billed on July 12. | ||
| 25 | Billed customers $2,050 for cleaning services performed. | ||
| 31 | Paid $240 for maintenance of the truck during month. | ||
| 31 | Owner withdrew $490 cash from the company. |
List of accounts:
- Accounts Payable
Accounts Receivable - Accumulated
Depreciation -Buildings - Accumulated Depreciation-Equipment
- Accumulated Depreciation-Delivery Trucks
- Advertising Expense
- Buildings
- Cash
- Debt Investments
- Delivery Trucks
- Depreciation Expense
- Equipment
- Gasoline Expense
- Income Summary
- Income Tax Expense
- Income Taxes Payable
- Insurance Expense
- Interest Expense
- Interest Payable
- Interest Receivable
- Interest Revenue
- Inventory
- Land
- Long-term Debt
- Long-term Investments
- Maintenance and Repairs Expense
- Miscellaneous Expense
- Mortgage Payable
- No Entry
- Notes Payable
- Notes Receivable
- Owner's Capital
- Owner's Drawings
- Patent Needs
- Prepaid Advertising
- Prepaid Insurance
- Prepaid Rent
- Rent Expense
- Rent Revenue
- Salaries and Wages Expense
- Salaries and Wages Payable
- Service Revenue
- Short-Term Investments
- Stock Investments
- Supplies
- Supplies Expense
- Ticket Revenue
- Unearned Rent Revenue
- Unearned Service Revenue
- Utilities Expense
dates:
- 7/1
- 7/3
- 7/5
- 7/12
- 7/18
- 7/20
- 7/21
- 7/25
- 7/31
- 7/31 Bal.
part 1:
|
DATE |
PARTICULARS |
DEBIT($) |
CREDIT($) |
|
2020 July 1, |
Cash |
9800 |
|
|
|
Owner’s Capital |
|
9800 |
|
|
(To record the cash invested by the owner in business) |
|
|
|
|
|
|
|
|
July 1, |
Delivery trucks |
6560 |
|
|
|
Cash |
|
1640 |
|
|
Accounts Payable |
|
4920 |
|
|
(To record the purchase of used truck and paid part cash and remaining on account) |
|
|
|
|
|
|
|
|
July 3, |
Supplies |
740 |
|
|
|
Accounts Payable |
|
740 |
|
|
(To record the purchase of supplies made on account) |
|
|
|
|
|
|
|
|
July 5, |
Insurance |
1440 |
|
|
|
Cash |
|
1440 |
|
|
(To record the cash paid for insurance policy) |
|
|
|
|
|
|
|
|
July 12, |
Accounts Receivable |
3030 |
|
|
|
Service revenue |
|
3030 |
|
|
(To record the billed customers for the services performed) |
|
|
|
|
|
|
|
|
July 18, |
Accounts Payable |
1230 |
|
|
|
Cash |
|
1230 |
|
|
(To record the cash paid for the owed truck and supplies taken on account) |
|
|
|
|
|
|
|
|
July 20, |
Salaries and wage expense |
1640 |
|
|
|
Cash |
|
1640 |
|
|
(To record cash paid for salaries of employees ) |
|
|
|
|
|
|
|
|
July 21, |
Cash |
1310 |
|
|
|
Accounts Receivable |
|
1310 |
|
|
(Cash collected from customers billed on July 12) |
|
|
|
|
|
|
|
|
July 25, |
Accounts Receivable |
2050 |
|
|
|
Service revenue |
|
2050 |
|
|
(To record the cleaning services performed and billed customers) |
|
|
|
|
|
|
|
|
Jul 31, |
Maintenance and Repairs Expense |
240 |
|
|
|
Cash |
|
240 |
|
|
(To record the maintenance expenses on the truck) |
|
|
|
|
|
|
|
|
Jul 31, |
Cash |
490 |
|
|
|
Bank |
|
490 |
|
|
(To record the cash withdrawn by the owner) |
|
|
part 2?
Post to the ledger accounts. (
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