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At the beginning of June 2 0 2 3 , Brett Wilson created a moving company called Frog Box Company. The company had the following
At the beginning of June Brett Wilson created a moving company called Frog Box Company. The company had the following transactions during July, its second month of operations:
July Purchased office equipment for $ and a truck for $ by signing a longterm note payable
Purchased land for an office. The land was worth $ which was paid with $ cash and a longterm note payahle for the balance
Purchased a used portable building with $ cash and moved it onto the land.
Paid $ cash for the premiums on two oneycar insurance policies.
Provided services in a client and collected $ cash
Purchased additional office equipment for $ Paid $ cash and signed a longterm note payable for the balance.
Completed $ of services for a client. This amount is due within days.
Completed another hauling job for $ on credit
Received a hill for rent on a specialized hauling truck that was used to complete the job done on July The $ rent must be paid within days.
Collected $ from the client described in the transaction on July
Paid $ wages to an asentant
Paid the account payable created in the transaction of July
Paid $ cash for anme repairs to the truck.
Wilson withdrew $ in cash from the business for personal use
Paid $ wages to an assistant
Paid $ cash for advertising in the local newspaper during July.
Received $ from a client for services to be performed in August.
Required: Prepare Journal Entries, on the following page, to record the above transactions. Note: Journal entry explanations are not required.
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