Mary Coleman opened Mary’s Maids Cleaning Service on July 1, 2014. During July, the company completed the following transactions.July 1 Stockholders invested $15,000 cash in the business in exchange for common stock.1 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account.3 Purchased cleaning supplies for $1,700 on account.5 Paid $1,800 on a one-year insurance policy, effective July 1.12 Billed customers $4,200 for cleaning services.18 Paid $1,000 of amount owed on truck, and $400 of amount owed on cleaning supplies.20 Paid $1,900 for employee salaries.21 Collected $2,400 from customers billed on July 12.25 Billed customers $2,100 for cleaning services.31 Paid gasoline for the month on the truck, $400.31 Declared and paid a $500 cash dividend.
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