P4-8ALinda Blye opened Cardinal Window Washing Inc. on July 1 2010. During July the following transactions were completed.July 1 Issued 11000 shares of common stock for $11000 cash.July 1 Purchased used truck for $9000 paying $2000 cash and the balan
P4-8ALinda Blye opened Cardinal Window Washing Inc. on July 1 2010. During July the following transactions were completed.July 1 Issued 11000 shares of common stock for $11000 cash.July 1 Purchased used truck for $9000 paying $2000 cash and the balance on account.July 3 Purchased cleaning supplies for $900 on account.July 5 Paid $1800 cash on 1-year insurance policy effective July 1.July 12 Billed customers $3200 for cleaning services.July 18 Paid $1000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.July 20 Paid $2000 cash for employee salaries.July 21 Collected $1400 cash from customers billed on July 12.July 25 Billed customers $2500 for cleaning services.July 31 Paid $260 for gas and oil used in the truck during month.July 31 Declared and paid a $600 cash dividend.