it\'s one question with a lot of parts need income statement fill chart eBay ? P
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it's one question with a lot of parts need income statement fill chart
eBay ? Play Free Games suggested Sites ? Baseball Tutorials Me ? Web SIce Gallery ? GobiernoUSAgov Careers and Career lr ? USA gov ?Centerport Energy-Charles Schwab e Cre Weygandt, Financial Accounting, 10e & Practice Gradebook ORION Downloadable eTextbook Assignment CALCULATORHESSAGE MY INs Problem 4-5A (Part Level Submission) Heidi Jara opened Bridgeport's Cleaning Service on July 1, 2019. During July, the following transactions were completed July 1 Stockholders invested $19,800 cash in the business in exchange for common stock 1 Purchased used truck for $8,900, paying $4,100 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. S Paid $1,800 cash on a 1-year insurance policy effective July 1 12 Billed customers $2,600 for cleaning services. 18 Paid $1,510 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies 20 Paid $2,520 cash for employee salaries. by 21 Collected $3,370 cash from customers billed on July 12. 25 Billed customers $6,010 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Paid a $5,520 cash dividend. The chart of accounts for Bridgeport's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Ace Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary. No. 400 Service Revenue, No. 63r Supplies Expense, N Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense Y (a1) Your answer is correct ournalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record fournal entries in the Date Account TitlesExplanation / Answer
Income Statement for the period month July 31 Account Titles Amount Revenue: Service Revenue $11,310 Operating Expenses: Supplies Expenses $1,640 Utility Expenses $360 Insurance Expenses $150 Salaries and Wages Expenses $3,550 Depreciation Expenses $430 Total Operating Expenses $6,130 Net Income $5,180 Service Revenue Billed on 12 july 2600 Billed on 25 July 6010 Unbilled on 31st July 2700 11310 Supplies expenses Cleaning supplies purchased 2200 Cleaning supplies on hand on July 31 -560 Supplies expenses 1640 Insurance for one year 1800 Insurance for one month (1800/12) 150 Salaries and wages expenses Salaries paid on july 20 2520 Unpaid salaries on July 31 1030 Salaries and wages expenses 3550
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