Question
Aiden registered a private company in June 2021, and completed the transactions below during its first month of operations. For the sake of simplicity, GST
Aiden registered a private company in June 2021, and completed the transactions below during its first month of operations. For the sake of simplicity, GST is ignored.2/06/2021 The company issued share capital of $200,000 by private placement5/06/2021 Paid $2,500 for advertising7/06/2021 Purchased office supplies on credit for $4,00011/06/2021 Purchased office equipment costing $50,000 for $20,000 cash and loan for $30,00016/06/2021 Rescored cash revenue of $40,00019/06/2021 Paid wages of $15,00030/06/2021 Paid rent for the month, $7,00030/06/2021 Company declared dividend and paid cash ,$5,000Record journal entries for the above transactionsDate Account Dr Cr2/06/2021 Share issue by private placement5/06/2021 Cash paid for advertising7/06/2021 Supplies purchased on credit11/06/2021 Loan Payable Equipment purchased for cash and loan payable16/06/2021 Cash revenue recorded19/06/2021 Wages paid30/06/2021 Rent paid30/06/2021 Dividend paidAiden registered a private company in June 2021, and completed the transactions below during its first month of operations. For the sake of simplicity, GST is ignored.2/06/2021 The company issued share capital of $200,000 by private placement5/06/2021 Paid $2,500 for advertising7/06/2021 Purchased office supplies on credit for $4,00011/06/2021 Purchased office equipment costing $50,000 for $20,000 cash and loan for $30,00016/06/2021 Rescored cash revenue of $40,00019/06/2021 Paid wages of $15,00030/06/2021 Paid rent for the month, $7,00030/06/2021 Company declared dividend and paid cash ,$5,000Record journal entries for the above transactionsDate Account Dr Cr2/06/2021 Share issue by private placement5/06/2021 Cash paid for advertising7/06/2021 Supplies purchased on credit11/06/2021 Loan Payable Equipment purchased for cash and loan payable16/06/2021 Cash revenue recorded19/06/2021 Wages paid30/06/2021 Rent paid30/06/2021 Dividend paid
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