ACC 100 Week 4 Assignment

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

July 1		Owner invested $13,900 cash in the company.
1		Purchased used truck for $9,280, paying $2,320 cash and the balance on account.
3		Purchased cleaning supplies for $1,040 on account.
5		Paid $2,040 cash on a 1-year insurance policy effective July 1.
12		Billed customers $4,290 for cleaning services performed.
18		Paid $1,160 cash on amount owed on truck and $580 on amount owed on cleaning supplies.
20		Paid $2,320 cash for employee salaries.
21		Collected $1,860 cash from customers billed on July 12.
25		Billed customers $2,900 for cleaning services performed.
31		Paid $340 for maintenance of the truck during month.
31		Owner withdrew $700 cash from the company. https://hwacer.com/Tutorial/acc-100-week-4-assignment/

 

 

 

1. Journalize the July transactions.
2. Post to the ledger accounts.
3. Prepare a trial balance at July 31.
4. Journalize the following adjustments.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
   
   

1.		Services performed but unbilled and uncollected at July 31 were $1,970.
2.		Depreciation on equipment for the month was $210.
3.		One-twelfth of the insurance expired.
4.		A count shows $370 of cleaning supplies on hand at July 31.
5.		Accrued but unpaid employee salaries were $460.

 

1. Post adjusting entries to the T-accounts.

 

1. Prepare an adjusted trial balance.

 

 

All done 100% marks!!!!!