Invested 10334 cash in the business 1 purchased used truck

Reference no: EM13566390

Laura Eddy opened Eddy's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 Invested $10,334 cash in the business. 1 Purchased used truck for $6,450, paying $3,225 cash and the balance on account. 3 Purchased cleaning supplies for $1,187 on account. 5 Paid $1,764 cash on one-year insurance policy effective March 1. 14 Billed customers $4,817 for cleaning services. 18 Paid $1,452 cash on amount owed on truck and $532 on amount owed on cleaning supplies. 20 Paid $1,845 cash for employee salaries.

21 Collected $1,383 cash from customers billed on March 14. 28 Billed customers $2,360 for cleaning services. 31 Paid gas and oil for month on truck $218. 31 Withdrew $699 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.

Reference no: EM13566390

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