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Creative Designs, a firm providing art services for advertisers, began business on June 1 Using the horizontal worksheet belove record the following transactions for April
Creative Designs, a firm providing art services for advertisers, began business on June 1 Using the horizontal worksheet belove record the following transactions for April Total the columns to show that assets equal liabilities plus stockholders equity as of June 30. June 1 Usa Hyan invested 00 cash to begin the business, she received common stock for her investment June 02 Paid rent for June, 1760 June 03 Purchased office equipment on account, 55.120 June 06 Purchased art materials and other supples costing 53.040; paid 51.0 down with the remainder due within 30 days June 11 Billed clients for services, 13.760. June 17 Collected $2.600 from dients on account June 19 Paid $2,400 on account to office equipment company see June 3 transaction), June 25 Lisa Ryan received a 51.600 dividend, June 30 Paid Utility bill for June, 5280 June 30 Paid salaries for June, 52.000. Note: Use negative signs with answers, when appropriate Assets - Liabilities Accounts Accounts Receivable Supplies & Equipment Payable Cem Stock Stockholders Equity Retained Earrings Revenue Expenses Dividende Transaction Cash 601 Invested cash to begins 6/02 Paid rent GOJ Purchased office equipment 6 Purchased art materials 61 Bed clients for services 6/17 Collected from clients on account 6119 Pald on account for office equipment 6/25 Paddividend 6/30 Paidybt 6/30 Paid salaries TOTALS Stockholders Assets - Liabilities Equity
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