Question
Angela Rodriguez practices law under the business name (dba) Angela Rodriguez Attorney at Law. Inc. During June, her law practice engaged in the following transactions:
Angela Rodriguez practices law under the business name (dba) Angela Rodriguez Attorney at Law. Inc. During June, her law practice engaged in the following transactions:
Jun 1 | Sold $60,000 01 stock to Rodriguez to start the business. |
3 | Paid $500 for the purchase of office supplies. |
8 | Paid $34,000 cash to purchase land for an office site. |
12 | Purchased office equipment on account, $3,800. |
17 | Borrowed $15,000 from the bank. Rodriguez signed a note payable to the bank in the name of the business. |
26 | Paid $2,500 on account (accounts payable). |
30 | Revenues earned during the month included $7,000 cash and $9,000 on account (accounts receivable). |
30 | Paid employees' salaries, $2,800; office rent, $3,600; and utilities, $600. |
30 | Paid $6,000 of dividends to stockholder, Rodriguez. |
Rodriguez's business uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Office Equipment, Accounts Payable, Notes Payable, Common Stock, Dividends, Service Revenue, Salary Expense, Rent Expense, and Utilities Expense.
Journalize each transaction. Omit explanations.
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