fill chart need retained earnings eBay Play Free Games sugg

fill chart need retained earnings

eBay ? Play Free Games suggested Sites ? Baseball Tutorials Me ? Web SIce Gallery ? GobiernoUSAgov Careers and Career lr ? USA gov ?Centerport Energy-Charles Schwab e Cre Weygandt, Financial Accounting, 10e & Practice Gradebook ORION Downloadable eTextbook Assignment CALCULATORHESSAGE MY INs Problem 4-5A (Part Level Submission) Heidi Jara opened Bridgeport\'s Cleaning Service on July 1, 2019. During July, the following transactions were completed July 1 Stockholders invested $19,800 cash in the business in exchange for common stock 1 Purchased used truck for $8,900, paying $4,100 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. S Paid $1,800 cash on a 1-year insurance policy effective July 1 12 Billed customers $2,600 for cleaning services. 18 Paid $1,510 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies 20 Paid $2,520 cash for employee salaries. by 21 Collected $3,370 cash from customers billed on July 12. 25 Billed customers $6,010 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Paid a $5,520 cash dividend. The chart of accounts for Bridgeport\'s Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Ace Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary. No. 400 Service Revenue, No. 63r Supplies Expense, N Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense Y (a1) Your answer is correct ournalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record fournal entries in the Date Account Titles

Solution

Income statement Service revenue 11310 Expenses Salaries and wages expense 3550 Gasoline expense 360 Depreciation expense 430 Supplies expense 1640 Insurance expense 150 Total expense 6130 Net income 5180 Retained earnings statement Beginning retained earnings 0 Add Net income 5180 5180 Less Dividend paid 5520 Ending retained earnings -340