Weygandt, Accounting Principles, 12e MESSAGE MY INSTR em Anya Clark opened Anya\

Question

Weygandt, Accounting Principles, 12e MESSAGE MY INSTR em Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya invested $20,200 cash in the business. 1 Purchased used truck for $9,200, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,300 on account. 5 Paid $1,680 cash on 1-year insurance policy effective July 1 12 Billed customers $4,400 for cleaning services. 18 Paid $1,400 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2.500 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12 25 Billed customers $5,900 for cleaning services 31 Paid $350 for the monthly gasoline bill for the truck. 31 Withdrew $5,700 cash for personal use Your answer is partially correct, Try again. amount i Journalize the July transactions the p Date Account Titles and Explanation Debit Credit

Explanation / Answer

1-Jul Cash 20200     Owner's capital 20200 1-Jul Equipment 9200       Cash 4000       Accounts payable 5200 3-Jul Supplies 2300       Accounts payable 2300 5-Jul Prepaid Insurance 1680       Cash 1680 12-Jul Accounts Receivable 4400        Service Revenue 4400 18-Jul Accounts payable 2800       Cash 2800 20-Jul Salaries and wages expense 2500       Cash 2500 21-Jul Cash 3300      Accounts Receivable 3300 25-Jul Accounts Receivable 5900        Service Revenue 5900 31-Jul Gasoline expense 350       Cash 350 31-Jul Owner's Drawings 5700       Cash 5700

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