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Mike Greenberg Journal Entries

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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.
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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.

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