ACC 290 Week 4 WileyPLUS Assignment

Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed

Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)

July 1 Issued 13,514 shares of common stock for $13,514 cash.
July 1 Purchased used truck for $11,514, paying $2,123 cash and the balance on account.
July 3 Purchased cleaning supplies for $940 on account.
July 5 Paid $1,858 cash on 1-year insurance policy effective July 1.
July 12 Billed customers $3,258 for cleaning services.
July 18 Paid $1,159 cash on amount owed on truck and $509 on amount owed on cleaning supplies.
July 20 Paid $2,012 cash for employee salaries.
July 21 Collected $1,587 cash from customers billed on July 12.
July 25 Billed customers $2,524 for cleaning services.
July 31 Paid $372 for gas and oil used in the truck during month.
July 31 Declared and paid a $637 cash dividend

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