Accounting Transactions During June, the following transactions were completed. Disregard the calculations performed in the Basics...
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Accounting Transactions During June, the following transactions were completed. Disregard the calculations performed in the Basics tab for the remaining tabs. Date Transaction 01-Jun Purchased supplies with cash 01-Jun Paid rent Amount 1,200 1,200 01-Jun Purchased a flower delivery vehicle 05-Jun Paid creditors for accounts payable due (part of opening balance) 05-Jun Sold products to Customer A on account. Inventory cost $10,000. 25,000 4,500 15,000 05-Jun Purchased inventory on account 12,000 08-Jun Sold products to Customer B for cash. Inventory cost $8,000. 10,000 12-Jun Issued common shares 20,000 12-Jun Declared and paid a cash dividend WE5,000 12-Jun Paid accounts payable relating to inventory 20-Jun Customer A paid a portion of amount owing 12,000 7,500 28-Jun Received cash from Customer C for products to be shipped next month. 30-Jun Paid salaries to employees 8,000 5,000 Required: Prepare journal entries to record the June transactions above. Provide your response in the green cells below. Use "check" below to ensure entries are balanced. Accounting Transactions During June, the following transactions were completed. Disregard the calculations performed in the Basics tab for the remaining tabs. Date Transaction 01-Jun Purchased supplies with cash 01-Jun Paid rent Amount 1,200 1,200 01-Jun Purchased a flower delivery vehicle 05-Jun Paid creditors for accounts payable due (part of opening balance) 05-Jun Sold products to Customer A on account. Inventory cost $10,000. 25,000 4,500 15,000 05-Jun Purchased inventory on account 12,000 08-Jun Sold products to Customer B for cash. Inventory cost $8,000. 10,000 12-Jun Issued common shares 20,000 12-Jun Declared and paid a cash dividend WE5,000 12-Jun Paid accounts payable relating to inventory 20-Jun Customer A paid a portion of amount owing 12,000 7,500 28-Jun Received cash from Customer C for products to be shipped next month. 30-Jun Paid salaries to employees 8,000 5,000 Required: Prepare journal entries to record the June transactions above. Provide your response in the green cells below. Use "check" below to ensure entries are balanced.
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