ACC101 Comprehensive Problem Greene's Cleaning Service Fred Greene opened Greene's Cleaning Service on October 1, 2014. During October, the company completed the following transactions: Oct 1 I

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ACC101 Comprehensive Problem 
Greene's Cleaning Service 
              
Fred Greene opened Greene's Cleaning Service on October 1, 2014. During October, the company completed the following transactions:
              
Oct1Invested $20,000 cash in the business in exchange for common stock.     
 1Purchased a used truck for $12,000, paying $3,000 cash and the balance on account.    
 3Purchased cleaning supplies for $1,500 on account.       
 5Paid $1,800 on a one-year insurance policy, effective October 1.     
 12Billed customers $5,600 for cleaning services.       
 18Paid $2,000 of amount owed on truck, and $500 of amount owed on cleaning supplies.    
 20Paid $1,950 for employee salaries.        
 21Collected $2,400 from customers billed on October 12.      
 25Billed customers $2,500 for cleaning services.       
 31Paid gasoline for the month on the truck, $350.       
 31Paid dividends of $500.         
              
              
Adjustments:           
Oct31Earned but unbilled fees at October 31 were $1,500.       
  Depreciation on equipment for the month was $300.       
  One-twelfth of the insurance expired.        
  An inventory count shows $500 of cleaning supplies on hand at October 31.     
  Accrued but unpaid employee salaries were $500.       
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