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P4-8A Journalize the July transactions

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Question;P4-8AJournalize the July transactions.Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed.July 1 Issued 11,000 shares of common stock for $11,000 cash.July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account.July 3 Purchased cleaning supplies for $900 on account.July 5 Paid $1,800 cash on 1-year insurance policy effective July 1.July 12 Billed customers $3,200 for cleaning services.July 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.July 20 Paid $2,000 cash for employee salaries.July 21 Collected $1,400 cash from customers billed on July 12.July 25 Billed customers $2,500 for cleaning services.July 31 Paid $260 for gas and oil used in the truck during month.July 31 Declared and paid a $600 cash dividend.

 

Paper#42979 | Written in 18-Jul-2015

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