ACC 201 Accounting Data Appendix

The following events occurred in June:

June 1:

Owner contributed $50,000 in cash to the business.

June 1:

Owner purchased a company vehicle in the amount of $15,000.

June 3:

Owner took out a small business loan in the amount of $25,000.

June 5:

Owner paid rent for June, and prepaid office rent for a 6-month period to cover July

through December at $1,195 per month.

June 5:

Owner paid business license fees in the amount of $250 to the county.

June 5:

Owner ordered office supplies, on account, in the amount of $750.00.

June 6

: Owner performed service for client on account in the amount of $1,000.

June 9:

Owner provided service for client in the amount of $1,500. Customer paid $750 at

time of service. Client will be billed for the balance due.

June 10:

Owner paid $250 in advertising costs to the local paper.

June 15

: Owner recorded wages due to the part-time employee in the amount of $325. This

will be paid on June 20.

June 15:

Owner prepaid business insurance to cover July through December at the rate of

$125 per month.

June 20:

Owner paid wages due to part-time employee from period ending June 15.

June 21

: Owner paid for plumbing repairs in the office in the amount of $210.

June 22:

Owner withdrew $1,000 cash for personal use.

June 23:

Customer paid balance due from June 6 service in the amount of $1,000.

June 25:

Owner provided service to client in the amount of $800. Client paid at time of

service.

June 28:

Owner paid balance due for office supplies purchase on June 5.

June 29

: Owner performed service for client on account in the amount of $2,225.00.

June 30

: Owner received telephone bill for month of June in the amount of $155 and

recorded the expense. This bill will not be paid until July.

June 30:

Last day of pay period; owner owes part-time worker $325 for the June 16 through

June 30 pay period. This will be paid on July 5.

June 30

: Record depreciation on vehicle at $250.