Problem 4-5A
Devine Brown opened Devine’s Carpet Cleaners on March 1. During March, the following transactions were completed.
Mar. 1 |
|
Invested $10,940 cash in the business. |
1 |
|
Purchased used truck for $6,050, paying $3,025 cash and the balance on account. |
3 |
|
Purchased cleaning supplies for $1,128 on account. |
5 |
|
Paid $1,788 cash on one-year insurance policy effective March 1. |
14 |
|
Billed customers $4,723 for cleaning services. |
18 |
|
Paid $1,538 cash on amount owed on truck and $402 on amount owed on cleaning supplies. |
20 |
|
Paid $1,648 cash for employee salaries. |
21 |
|
Collected $1,926 cash from customers billed on March 14. |
28 |
|
Billed customers $2,561 for cleaning services. |
31 |
|
Paid gasoline for month on truck $393. |
31 |
|
Withdrew $769 cash for personal use. |
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