subject
Business, 12.10.2021 08:20 xoxo12376

Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 11,300 shares of common stock for $11,300 cash.
1 Purchased used truck for $7,520, paying $1,880 cash and the balance on account.
3 Purchased cleaning supplies for $850 on account.
5 Paid $1,680 cash on a 1-year insurance policy effective July 1.
12 Billed customers $3,480 for cleaning services performed.
18 Paid $940 cash on amount owed on truck and $470 on amount owed on cleaning supplies.
20 Paid $1,880 cash for employee salaries.
21 Collected $1,500 cash from customers billed on July 12.
25 Billed customers $2,350 for cleaning services performed.
31 Paid $270 for maintenance of the truck during month.
31 Declared and paid $560 cash dividend.

Required:
Journalize the July transactions.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 20:20
Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
question
Business, 23.06.2019 02:40
The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.
Answers: 2
question
Business, 23.06.2019 04:00
A76-year old female with degenerative joint disease made an appointment with an orthopedic surgeon. the patient stated she has had severe pain in her right knee for six months. she has tried physical therapy and steroid injections but has not had any relief. the surgeon has agreed to schedule a right total knee arthroplasty (knee replacement).
Answers: 1
question
Business, 23.06.2019 08:20
As task uncertainty and interdependence increase, are a more effective coordination mechanism than
Answers: 3
You know the right answer?
Mike Greenberg opened Novak Window Washing Inc. on July 1, 2022. During July, the following transact...
Questions
question
Mathematics, 21.07.2019 15:00
question
Mathematics, 21.07.2019 15:00
Questions on the website: 13722360