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C1 - Transactions of Smith Company for the month of June 2019 are June 1: Smith invested $150,000 to start his business. presented below June
C1 - Transactions of Smith Company for the month of June 2019 are June 1: Smith invested $150,000 to start his business. presented below June 5: Purchased equipment from Sun Company for $18,000, paying $4,500 cash and the remaining June 10: Purchased supplies June 14: Services billed to customers amounted to $7,500. June 17: Invested additional $60,000 cash in the business. June 25: Paid $3,750 as salaries of the month. June 28: Received a bill for $450 for advertising of the current month. June 30: Smith withdrew $525 cash from the business for his personal amount will be paid after 10 days. on account for $1,200. use. Required: Prepare journal entries to record the above transactions. (4 marks b-Post to the appropriate ledger Prepare the trial balance on June 30, 2019. (2 marks) a- accounts. (4 marks) C
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