Details

Kristin’s Maids Cleaning Service Case

Kristin Malone opened Kristin’s Maids Cleaning Service on July 1, 2015. During July, the company completed the following transactions.

July 1
Stockholders invested $19,200 cash in the business in exchange for common stock.
1
Purchased a used truck for $10,700, paying $2,900 cash and the balance on account.
3
Purchased cleaning supplies for $860 on account.
5
Paid $1,920 on a 1-year insurance policy, effective July 1.
12
Billed customers $3,600 for cleaning services.
18
Paid $1,100 of amount owed on truck, and $200 of amount owed on cleaning supplies.
20
Paid $1,600 for employee salaries.
21
Collected $1,500 from customers billed on July 12.
25
Billed customers $1,700 for cleaning services.
31
Paid gasoline for the month on the truck, $320.
31

Declared and paid a $720 cash dividend.