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Linda Blye opened Cardinal Window Was...
This question was answered on Oct 13, 2010. View the Answer

Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed.


July 1 Issued 13,492 shares of common stock for $13,492 cash.
July 1 Purchased used truck for $11,492, paying $2,145 cash and the balance on account.
July 3 Purchased cleaning supplies for $908 on account.
July 5 Paid $1,849 cash on 1-year insurance policy effective July 1.
July 12 Billed customers $3,249 for cleaning services.
July 18 Paid $1,244 cash on amount owed on truck and $524 on amount owed on cleaning supplies.
July 20 Paid $2,111 cash for employee salaries.
July 21 Collected $1,475 cash from customers billed on July 12.
July 25 Billed customers $2,632 for cleaning services.
July 31 Paid $379 for gas and oil used in the truck during month.
July 31 Declared and paid a $625 cash dividend.

1. Services provided but unbilled and uncollected at July 31 were $1,723.
2. Depreciation on equipment for the month was $276.
3. One-twelfth of the insurance expired.
4. An inventory count shows $360 of cleaning supplies on hand at July 31.
5. Accrued but unpaid employee salaries were $403.



I can figure out the Retained Earnings part of this...

7/31_____________? |7/31______________?
|Bal. 7/31_______________?

i think the first one is 625???

thank you for your help!
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Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed.
July 1 Issued 13,492 shares of common stock for $13,492 cash.
July 1 Purchased...

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