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2. On June 1,2021, Kendall Young established a local bakery, Sweet Eats. During the month, Kendall completed the following transactions related to the business June
2. On June 1,2021, Kendall Young established a local bakery, Sweet Eats. During the month, Kendall completed the following transactions related to the business June 1 Kendall transferred cash from a personal bank account to an account to be used for the business, $35,000. 3 Paid June's rent, $2,960. 5 Purchased a mixer for $6,000, paying $2,000 cash and giving a note payable for the remainder. 5 Purchased equipment on account, $11,900. 6 Purchased supplies for cash, $1,500. 14 Paid annual premiums on property and casualty insurance, $4,580. 15 Received cash for job completed, $1,100. 16 Paid creditor a portion of the amount owed for equipment purchased on 5 of $4,240. 17 Recorded jobs completed on account and sent invoices to customers, $16,500. 18 Received an invoice for equipment repair expenses to be paid in July, $1,340. 18 Paid utilities expense, $1,530. 21 Paid miscellaneous expenses, \$550. 24 Received cash from customers on account, $6,100. 30 Paid wages of employees, $4,060. 30 Withdrew cash for personal use, $3,390 termine the debit and credit accounts for each transaction using below journal
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