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ACC101 Comprehensive Problem Sunshine Cleaning Service Ethan Groom opened Sunshine Cleaning Service on August 1,2017. During July, the company completed the following transactions Aug 1 Ethan Groom invested $42,000 cash and $5,800 of cleaning equipment in the business 1 Purchased a used truck for $12,000, paying $3,500 cash and the balance on account 3 Purchased cleaning supplies for $1,375 on account 5 Paid $1,800 on a one-year insurance policy, effective August 1 12 Billed customers $4,892 for cleaning services 18 Paid $1,500 of amount owed on truck. 19 Paid $375 of amount owed for cleaning supplies 20 Paid $968 for employee salaries 21 Collected $3,225 from customers billed on August 12 25 Billed customers $3,575 for cleaning services 31 Paid gasoline for the month on the truck, $245 31 Groom withdrew $900 for personal use Adjustments Aug 31 Earned but unbilled fees at August 31 were $2,795 Depreciation on truck for the month was $250 h of the insurance expired An inventory count shows $548 of cleaning supplies on hand at August 31 Accrued but unpaid employee salaries were $585 ACC101 Comprehensive Problem Sunshine Cleaning Service Ethan Groom opened Sunshine Cleaning Service on August 1,2017. During July, the company completed the following transactions Aug 1 Ethan Groom invested $42,000 cash and $5,800 of cleaning equipment in the business 1 Purchased a used truck for $12,000, paying $3,500 cash and the balance on account 3 Purchased cleaning supplies for $1,375 on account 5 Paid $1,800 on a one-year insurance policy, effective August 1 12 Billed customers $4,892 for cleaning services 18 Paid $1,500 of amount owed on truck. 19 Paid $375 of amount owed for cleaning supplies 20 Paid $968 for employee salaries 21 Collected $3,225 from customers billed on August 12 25 Billed customers $3,575 for cleaning services 31 Paid gasoline for the month on the truck, $245 31 Groom withdrew $900 for personal use Adjustments Aug 31 Earned but unbilled fees at August 31 were $2,795 Depreciation on truck for the month was $250 h of the insurance expired An inventory count shows $548 of cleaning supplies on hand at August 31 Accrued but unpaid employee salaries were $585

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