Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 5.00

Julie's Maids Cleaning Service

Julie Molony opened Julie's Maids Cleaning Service on July 1, 2010. During July, the company completed the transactions. July 1 Invested $14,000 cash in the business 1 Purchased a used truck for $10,000 paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $800 on account 5 Paid $1,800 on a one-year insurance policy, effective July 1 12 Billed customers $3,800 for cleaning services 18 Paid $1,000 of amount owed on truck, and $400 of amount owed on cleaning supplies 20 Paid $1,600 for employee salaries 21 Collected $1,400 from customers billed on July 12 25 Billed customers $1,500 for cleaning services 31 Paid gas and oil for the month on the truck $400 31 Withdrew $600 cash for personal use a) Journalize and post the July transactions. b) Prepare a trial balance at July 31 on a worksheet c) Enter the adjustments 1) Earned but unbilled fees as July 31 were $1,300 2) Depreciation on equipment for the month was $200 3) one-twelfth of the insurance expired 4) An inventory count shows $100 of cleaning on hand July 31 5) Accrued but unpaid employee salaries were $500 d) prepare the income statement and statement of owner's equity for July, and a classified balance sheet at July 31, 2010 e) Journalize and post the adjusting entries f) Journalize and post the closing entries and complete the closing process g) Prepare a post-closing trial balance at July 31

Answers

(5)
Status NEW Posted 18 Aug 2017 12:08 AM My Price 5.00

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