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Beckowsik Company began business in June and completed the following transactions: < A) Received 50,000 cash and issued common stock to the stockholders. <
Beckowsik Company began business in June and completed the following transactions: < A) Received 50,000 cash and issued common stock to the stockholders. < B) Purchased supplies for 5,000 on account. C) Received and paid utilities bill of 2,000 for the month. < D) Performed services for a customer and billed the customer 6,000. < E) Received 3,000 from the customer on account. F) Paid for the supplies purchased on account. G) Purchased equipment for 10,000 on account. < H) Declared and paid dividends of 2,200. < 4 Required: Record the effects of the above transactions on the accounting equation. Trans. Cash Accts. Rec. Supplies Equipment Stock " Accts. Common Retained Pay Earnings Description e 4 2 3333333 43 2 " e 2 e 2 e 2 tttt e le 10 Totals 2
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