Question
1.15. On June 1, Bob Friend land started his lawn care service. Listed below are the transactions for the month of June. Record the transactions
1.15. On June 1, Bob Friend land started his lawn care service. Listed below are the transactions for the month of June. Record the transactions on the blank form which follows.
June 1 Invested $2,200 cash and equipment with a book value of $ 3,500
5 Received $375 for lawn care service
7 Received $1,100 for lawn care service
11 Purchased equipment for $2,000 paying $1,000 cash and giving a note for
$1,000 for the remainder
15 Paid gas bill, $275
19 Withdrew $200 cash for personal use
21 Purchased supplies for $100 on account
25 Paid $400 on outstanding note (see June 11 transaction)
30 Received $925 for lawn care service
| Cash + Supplies + Equipment = Accounts Payable + Notes Payable + Capital |
June 1 |
|
June 5 | |
Balance |
|
June 7 | |
Balance |
|
June 11 | |
Balance |
|
June 15 | |
Balance |
|
June 19 | |
Balance |
|
June 21 | |
Balance |
|
June 25 | |
Balance |
|
June 30 | |
Balance |
|
June 30 |
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