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

Mike Greenberg opened Indigo Window Washing Co. on July 1, 2020. During July, the following transactions were completed. JulyJournalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent

Mike Greenberg opened Indigo Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 1 3 5 12 18 Owner invested $13,900 cash in the company. Purchased used truck for $9,280, paying $2,320 cash and the balance on account Purchased cleaning supplies for $1,040 on account. Paid $2,040 cash on a 1-year insurance policy effective July 1. Billed customers $4,290 for cleaning services performed. Paid $1,160 cash on amount owed on truck and $580 on amount owed on cleaning supplies. Paid $2,320 cash for employee salaries. Collected $1,860 cash from customers billed on July 12. Billed customers $2,900 for cleaning services performed. Paid $340 for maintenance of the truck during month. Owner withdrew $700 cash from the company. 20 21 25 31 31
Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record cash invested in the business) (To record purchase of truck.)
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Journal entries
S.no. Accounts title and explanations Debit $ Credit $
01-Jul Cash account 13,900
Mike Capital 13,900
(for capital introduced)
01-Jul Truck equipment 9280
    Cash account 2320
    Accounts payable 6960
(for truck purchased)
03-Jul Cleaning Supplies 1040
    Accounts payable 1040
(for supplies purchased)
05-Jul Prepaid Insurance 2040
     Cash account 2040
(for premium paid)
12-Jul Accounts receivable 4,290
     Service revenue 4,290
(for service revenue earned)
18-Jul Accounts payable 1740
     Cash account (1160+580) 1740
(for payment made)
20-Jul Salaries expense 2320
     Cash account 2320
(for salaries expense paid)
21-Jul Cash account 1860
     Accounts receivable 1860
(for cash received)
25-Jul Accounts receivable 2900
     Service revenue 2900
(for service performed)
31-Jul Maintenance expense 340
     Cash account 340
(for maintenance of truck paid)
31-Jul Mike's withdrawals 700
     Cash account 700
(for drawings made)
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