2. John Silver started the Good Cleaning Service on July 1,19X8. Record
the following transactions in the blank form which follows.
July 1 Started business; invested $10,000 cash and equipment with book value of $2,500
Purchased $300 of cleaning supplies on account
5
7
Received $2,700 for cleaning services (Fees Income)
9 Paid $200 of the $300 owed for purchase of cleaning supplies from July 5 transac-
tion
13
Paid $810 rent for month
15 Paid employee 2 weeks' wages of $940 (Salaries Expense)
21 Purchased new cleaning machines for $3,000 on account
24 Withdrew $1,000 for personal use (use Drawing)
30 Took inventory; found he had $125 worth of supplies left ($300-$175 = $125)
