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30. Journalize the Following Transactions for Tim's Tams, Inc. for the month of June. (1 Each) 1. June 1 Collected $10,000 of accounts receivable from
30. Journalize the Following Transactions for Tim's Tams, Inc. for the month of June. (1 Each) 1. June 1 Collected $10,000 of accounts receivable from May sales 2. June 6 Paid $5,000 of its accounts payable from May purchases 3. June 6 Paid $600 cash for supplies. 4. June 30 During June, Tim's Tams sold 1,000 baseball caps for $10 each on account. 5. June 30 Tim's Tams declared and paid a $4,000 cash dividend to its shareholder. 6. June 30 Adjusted for insurance used during the month. On May 1, Tim's paid $600 for 3 months of insurance coverage. 8. June 30 Counted the office supplies and found that $400 of supplies have not been used, assume they started the month with no supplies
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