Calculate the total expenses for the month of June 2022, given the following transactions. 1 Paid salaries

Question:


Calculate the total expenses for the month of June 2022, given the following transactions.

1 Paid salaries of $60 000; $50 000 related to work carried out in May 2022 and $10 000 related to June 2022.

2 A phone bill for $1200 was received for the usage on June. This amount will be paid on 1 July 2022.

3 A $65 000 deposit was paid for a block of land.

4 Paid rent for the month of June of $6000 on 1 June 2022.

5 A commission expense of $8000 was paid in June. The commission related to April sales.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Accounting And Financial Management

ISBN: 9780170454797

8th Edition

Authors: Professor Ken Trotman, Kerry Humphreys

Question Posted: