Blossom Clark opened Blossoms Cleaning Service on July 1, 2022. During July, the following transactions...
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Blossom Clark opened Blossoms Cleaning Service on July 1, 2022. During July, the following transactions were completed.
July 1
Blossom invested $20,100 cash in the business.
1
Purchased used truck for $8,900, paying $4,200 cash and the balance on account.
3
Purchased cleaning supplies for $2,100 on account.
5
Paid $1,920 cash on a 1-year insurance policy effective July 1.
12
Billed customers $4,500 for cleaning services.
18
Paid $1,500 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies.
20
Paid $2,500 cash for employee salaries.
21
Collected $3,400 cash from customers billed on July 12.
25
Billed customers $6,000 for cleaning services.
31
Paid $350 for the monthly gasoline bill for the truck.
31
Withdraw $5,600 cash for personal use.
Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title to record cash invested in business
enter a debit amount
enter a credit amount
enter an account title to record cash invested in business
enter a debit amount
enter a credit amount
(To record cash invested in business)
choose a transaction date
enter an account title to record truck purchased
enter a debit amount
enter a credit amount
enter an account title to record truck purchased
enter a debit amount
enter a credit amount
enter an account title to record truck purchased
enter a debit amount
enter a credit amount
(To record truck purchased)
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title to record gasoline expense
enter a debit amount
enter a credit amount
enter an account title to record gasoline expense
enter a debit amount
enter a credit amount
(To record gasoline expense)
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31
enter an account title to record drawings
enter a debit amount
enter a credit amount
enter an account title to record drawings
enter a debit amount
enter a credit amount
Answer & Explanation
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