Reference no: EM132927189
Question - Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2020. During July, the following transactions were completed.
July 1 Cullumber invested $20,000 cash in the business.
July 1 Purchased used truck for $8,900, paying $4,000 cash and the balance on account.
July 3 Purchased cleaning supplies for $1,900 on account.
July 5 Paid $1,800 cash on 1-year insurance policy effective July 1.
July 12 Billed customers $4,500 for cleaning services.
July 18 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies.
July 20 Paid $2,400 cash for employee salaries.
July 21 Collected $3,300 cash from customers billed on July 12.
July 25 Billed customers $6,000 for cleaning services.
July 31 Paid $340 for the monthly gasoline bill for the truck.
July 31 Withdraw $5,500 cash for personal use.
Required - Journalize the July transactions.