Business, 16.10.2020 14:01 antmaan15

Mike Greenberg opened Concord Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 13,200 shares of common stock for $13,200 cash.
1 Purchased used truck for $8,800, paying $2,200 cash and the balance on account.
3 Purchased cleaning supplies for $990 on account. 5 Paid $2,040 cash on a 1-year insurance policy effective July 1.
12 Billed customers $4,070 for cleaning services performed.
18 Paid $1,100 cash on amount owed on truck and $550 on amount owed on cleaning supplies.
20 Paid $2,200 cash for employee salaries. 21 Collected $1,760 cash from customers billed on July 12.
25 Billed customers $2,750 for cleaning services performed.
31 Paid $320 for maintenance of the truck during month.
31 Declared and paid $660 cash dividend.

Required:
Journalize the July transactions.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:30

Consider the following two stocks, a and b. stock a has an expected return of 10%, 10% standard deviation, and a beta of 1.20. stock b has an expected return of 14%, 25% standard deviation, and a beta of 1.80. the expected market rate of return is 9% and the risk-free rate is 5%. security would be considered a good buy if we include the stock in a well diversified a portfolio because a. b, it offers better alpha b. a, it offers better alpha c. a, it offers better sharpe ratio d. b, it offers better sharpe ratio

Answers: 1

Answer

Business, 22.06.2019 12:30

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Answers: 1

Answer

Business, 22.06.2019 17:40

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Answers: 1

Answer

Business, 22.06.2019 22:10

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

Answers: 1

Answer

You know the right answer?

Mike Greenberg opened Concord Window Washing Inc. on July 1, 2022. During July, the following transa...

Questions