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ces Wright Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess
ces Wright Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. June 1 Kay Wright, the owner, invested $136,000 cash, office equipment with a value of $14,000, and $78,000 of drafting equipment to launch the company in exchange for common stock. June 2 The company purchased land worth $58,000 for an office by paying $18,900 cash and signing long-term note payable for $39,100. June 3 The company purchased a portable building with $46,000 cash and moved it onto the land acquired on June 2. June 4 The company paid $8,400 cash for the prselus on an 18-month insurance policy. June 5 The company completed and delivered a set of plans for a client and collected $13,400 cash. June 6 The company purchased $30,000 of additional drafting equipment by paying $18,500 cash and signing a long-term mate payable for $12,300. June 7 The company completed $28,400 of engineering services for a client. This amount is to be received in 30 days. June 8 company purchased $2,050 of additional office equipment on credit. June 9 The company completed engineering services for $25,600 on credit. June 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,200 rent cast must be paid within 30 days. 12 The company collected $14,200 cash in partial payment from the client billed on June 3. June 14 The company paid $1,200 cash for wages to a drafting assistant. June 17 The company paid $2,050 cash to settle the account payable created in on June 8. June 20 The company paid $1,325 cash for minor maintenance of its drafting equipment June 23 The company paid $9,840 cash in dividends. June 2 The company paid $1,200 cash for wages to a drafting assistant. June 29 The company paid $3,220 cash for advertisements Regarement General Journal General Ledger Trial Balance the web during June. St Retained Balance Sheet Impact Statement touty Using the dropdown buttons, select the financial statement elements and account tities to be included on the balance sheet. The account balances will automatically populate Check my wor
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