Anya Clark opened Anya’s Cleaning Service on July 1, 2017. During July, the foll

Question

Anya Clark opened Anya’s Cleaning Service on July 1, 2017. During July, the following transactions were completed.

July 1       Anya invested $19,800 cash in the business.
1       Purchased used truck for $8,800, paying $3,800 cash and the balance on account.
3       Purchased cleaning supplies for $1,900 on account.
5       Paid $1,680 cash on 1-year insurance policy effective July 1.
12       Billed customers $4,400 for cleaning services.
18       Paid $1,400 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies.
20       Paid $2,400 cash for employee salaries.
21       Collected $3,300 cash from customers billed on July 12.
25       Billed customers $5,900 for cleaning services.
31       Paid $340 for the monthly gasoline bill for the truck.
31       Withdrew $5,500 cash for personal use.

Post the July transactions. (Post entries in the order of journal entries posted above) Cash No. 101 Date Explanation Debit Credit Balance Accounts Receivable No. 112 Date Explanation Debit Credit Balance Supplies Debit No. 128 Date Explanation Credit Balance

Explanation / Answer

Cash No. 101 Date Explanation Debit Credit Balance 1-Jul being amount invested by anya in the business 19800 0 19800 1-Jul Being part amount paid for purchase of used truck 0 3800 16000 5-Jul Being Insurance amount paid for the period 1st July 2017 to 30th june 2018 0 1680 14320 18-Jul Being amount paid on account of truck purchased 0 1400 12920 18-Jul Being amount paid on account of Cleaning Supplies purchases 0 1300 11620 20-Jul Being amount paid towards Salaries & Wages 0 2400 9220 21-Jul Being amount collected from Customers billed on july 12 3300 0 12520 31-Jul Being amount paid towards gasoline bill for the truck 0 340 12180 31-Jul Beinng amount withdrawn for personel use 0 5500 6680 Account Receivable No 112 12-Jul Being amount biiled to customers for cleaning Services 4400 0 4400 21-Jul Being amount collected from Customers billed on july 12 0 3300 1100 25-Jul Being amount biiled to customers for cleaning Services 5900 0 7000 Supplies No. 128 3-Jul Being cleaning supplies purchases on account 1900 0 1900 Prepaid Insutance No.130 5-Jul Being Prepaid Insurance amount recongnised in the books of account for the period 1st January 2018 to 30 th june 2018 840 0 840 Equipment No157 1-Jul Being part amount paid for purchase of used truck 3800 0 3800 1-Jul Being balance amount payable for purchase of used truck 5000 0 8800 Accounts Payable No.201 1-Jul Being balance amount payable for purchase of used truck 0 5000 5000 3-Jul Being cleaning supplies purchases on account 0 1900 6900 18-Jul Being amount paid on account of used truck purchased 1400 0 5500 18-Jul Being amount paid on account of Cleaning Supplies purchases 1300 0 4200 Owners Capital No.301 1-Jul being amount invested by anya in the business 0 19800 19800 Owners Drawings No.306 31-Jul Beinng amount withdrawn for personel use 5500 0 5500 Service Revenue No.400 12-Jul Being amount biiled to customers for cleaning Services 0 4400 4400 25-Jul Being amount biiled to customers for cleaning Services 0 5900 10300 Gasoline Expence No.633 31-Jul Being amount paid towards gasoline bill for the truck 0 340 340 Salaries and Wages Expense No. 726 20-Jul Being amount paid towards Salaries & Wages 2400 0 2400

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