The chart of accounts for Eddy\'s Carpet Cleaners contains the following account

Question

The chart of accounts for Eddy's Carpet Cleaners contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries Payable, No. 301 L. Eddy, Capital, No. 306, L. Eddy, Drawing, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries Expense

                              General Journal

 

Trial Balance

Adjustments

Adjusted Trial Balance

Income Statement

$ 

$ 

$ 

$ 

 

Laura Eddy opened Eddy's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 Invested $10,146 cash in the business.   1 Purchased used truck for $6,130, paying $3,065 cash and the balance on account.   3 Purchased cleaning supplies for $1,111 on account.   5 Paid $1,692 cash on one-year insurance policy effective March 1.   14 Billed customers $4,843 for cleaning services.   18 Paid $1,566 cash on amount owed on truck and $599 on amount owed on cleaning supplies.   20 Paid $1,647 cash for employee salaries.   21 Collected $1,426 cash from customers billed on March 14.   28 Billed customers $2,437 for cleaning services.   31 Paid gas and oil for month on truck $183.   31 Withdrew $628 cash for personal use.

The chart of accounts for Eddy's Carpet Cleaners contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries Payable, No. 301 L. Eddy, Capital, No. 306, L. Eddy, Drawing, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries Expense

 

Explanation / Answer

Ill do the 11 march transactions for 350 karma points, rate me and ill comment with the answers.

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