Reference no: EM132632548
Question - Journalize the transactions
Sunland Clark opened Sunland's Cleaning Service on July 1, 2020. During July, the following transactions were completed.
July 1. Sunland invested $20,200 cash in the business.
July 1. Purchased used truck for $9,000, paying $3,800 cash and the balance on account.
July 3 Purchased cleaning supplies for $2,100 on account.
July 5. Paid $1,680 cash on 1-year insurance policy effective July 1.
July 12. Billed customers $4,400 for cleaning services.
July 18. Paid $1,400 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 $6,100 for cleaning services.
July 31. Paid $360 for the monthly gasoline bill for the truck.
July 31. Withdraw $5,600 cash for personal use.