Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. July 1 Issued 11,000 shares of…

Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. July 1 Issued 11,000 shares of common stock for $11,000 cash. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account. July 3 Purchased cleaning supplies for $900 on account. July 5 Paid $1,800 cash on 1-year insurance policy effective July 1. July 12 Billed customers $3,200 for cleaning services. July 18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. July 20 Paid $2,000 cash for employee salaries. July 21 Collected $1,400 cash from customers billed on July 12. July 25 Billed customers $2,500 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.

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