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Danielle Dog is the sole stockholder in Dog, the Beauty Hunter, Inc., a modeling agency. Below are transactions which occurred in the operation of the
Danielle Dog is the sole stockholder in Dog, the Beauty Hunter, Inc., a modeling agency. Below are transactions which occurred in the operation of the company during the month of June. Record each transaction on the worksheet that has been supplied for this purpose, including entries in the description column for any amounts entered into Retained Earnings. Show negative numbers/money being spent in parenthesis. There is no need to total all of the columns. ( 20 points) - June 2 Purchased equipment at a cost of $12,000, making a cash down payment of $3,000 and obtaining a bank loan for the rest. - June 10 Performed services for a client on account, $10,000. June20June24Madeapaymentonaccount,$400Receivedpaymentfromaclientonaccountforservicespreviously 0 June 24 Received payment provided, $5,000 - June 27 Paid $1,200 to the bank. Of that amount, $1,000 was a repayment of the loan and $200 was interest. - June 28 Paid salaries for June, $8,000 0 June 30 Paid a dividend, $5,000
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