Comprehensive Question- Becky's Car Detailing Services
Becky Jones opened Becky's Car Detailing Services on April 1, 2027. In Apr, the follow
Apr-01 Invested $14,000 cash in the business
1 Purchased a used truck for $26,400, paying $6,400 cash and signing a note payable for the balance
1 Collected $3,000 from XYZ for their car detailing needs for Apr, May and June.
3 Purchased cleaning supplies on account for $850
5 Paid $1,800 on a one-year insurance policy, effective Apr 1
12 Billed customers $3,800 for car detailing services
18 Paid $400 of amount owed on cleaning supplies
20 Paid $1,600 for employee's salaries
21 Collected $1,400 from customers billed on Apr 12
25 Billed customers for $3,000 for car detailing services
30 Paid gas and oil for the month on the truck $350
30 Withdrew $1,600 to pay personal property taxes
Additional Information:
1.
Annual payments of $2,000 are required on the note.