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12. Use the following information to calculate the unknown amount. On May 31, Beanstalk Company had a $6,000 balance in Accounts Receivable. During June, the
12. Use the following information to calculate the unknown amount. On May 31, Beanstalk Company had a $6,000 balance in Accounts Receivable. During June, the company collected $5,000 from its credit customers. The June 30 balance in Accounts Receivable was $8,000. Determine the amount of sales on account that occurred in June. No other types of transactions affected Accounts Receivable. The amount of sales on account that occurred in June was 13. The following situation requires an adjusting journal entry to prepare financial statements as of June 30, 20X6. First, present the adjusting entry. Second, present the entry that would be made to record the payment of the accrued liability during July. Include dates in your entries but omit explanations and posting references. The total weekly salaries expense for all employees is $5,000. This amount is paid at the end of the day on Friday of each week with five working days. June 30 falls on Wednesday of this year, which means that the employees had worked three days since the last payday. The next payday is July 2. Present your answer in good form
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