hello please i need some help with this one i get confused
: 51mm 233mm ' a 9mm" 1mm" I, 11 9 Jun. 30 f in Jun. II] I 12 Jun. II] I '- .kmnurll: Amounts mm ME I'I'EM. PDEIZIEF. 1 I '- Acnnurlt: Supplies ME ITEM. PDEIZEF. 1 Jun. 1|] I On June 1, 21119, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month, Kris completed the following transactions related to the business: June 1 Kris transferred cash from a personal bank account to an account too he used for the business, $235300. 1 Paid rent for period ofJune 1 to and of n'lnn'l. $4350. 6 Purchased office equiprnenton eccmnt. $14.10. a Purchased a van for $23,500 paying $4,500 cash and ghrhg a note payable for the remehder. 1D Purchased supplies for cash. $2.380. 12 Received cash liar job completed. $12,200. 15 Paid annual premiums on property and casualty insurance. $3.600. 23 Hecadedpba completed on acncmt and sent Invoices to erratum. $11,900. 24 Received an invoice for van expenses, to be paid in June. $1.500. 5. Senwuhinkefenymescnnytheemcuntdetenninedinm mghtnctbemeneticecmemrJune? Gnec'rmi the! spent. 13'. I Additicns tc capital has been wrongly reccrded es drewlngs. [:1 Scrne supplies may have been used during June but nc supplles expense has been recorded. [1 Fees eemed includes scrne tees earned in the rncnlh cf June that have nct been received. [:1 Utllltles expense includes expenses ircurred fer the rncnth at June than have net yet been paid. 5 F'dnte: _ GLEN Entorrohudng'ansmmsonPagElfhaMnoahmnjoum: June Paid utilities expense. $5.1m. Paid mtsoollanoouo expanses. $95!]. Flooolvod oash from omtornoraon aoooum. H.330. Paid wages of omployaas. $5.0m. Paid oraditor a portion of the amount owed for equipment purchased on Juno 5, $5.\". SSSBEBEB Wt'ldraw cash for personal uaa. $1,500. Flaqulrad: 1. Joumazoombamactbninahvomiumnmaibaghnhngaga hrefardngromochadoiaooounishsaioothgmaaoooumsroba debitedandcradad. {Donhsa'tthapoatremnumbersuniyouhavoposteddtaanytoganamiiadgarhpada} 2. man Wtordajmaioumaftoamwmmmnm mmwammmmmmmmrmm . naught-mind \fEns-Sent\": Deslgns General Ledger ASSETS HEIIEI'I DE 11 esh 41 Fees Eemed 12 Ampunts Repelveble 13 Supplles EIFEIISES 14 Prepaid Insurance 51 Wages Expense 15 Equipment 53 Rent Expense 1151 1'ul'en 54 Ues Expense 55 Van expense LIABILITIES 5E} MiseeJlenepus Expense 21 Hetes Peyeme \fJournal 3' f. Joumze each transamanm a rim-00W M mafbegl'nmngon Page 3', refen'lng To me mar! ofaamunls In selecting rm accounts To be debitedand creamed. {Do insanmposfmamnmnumbarsunfyouhaveposmdmaanwmMgammlhaigarmmz) How does grading work? PAGE JOURNAL Score 133125? ACCUUN'I'ING EQUATION DATE DECRIPTIUN POST. REF. DEBIT CREDIT ASSEI'S LlAleE EQUI' 1 Jun 1" Cash " 55,000.00 T 2 Kris StumgCapital " 55,000.00 T 3 mm" RentExpense " 4,150.00 4 4 Cash " 4,150.00 J, 5 June" Equipment " 14,100.00 T 0 1mm PayahLe " 14,100.00 T 1 001.0" Van " 20,500.00 T a Cash " 4,500.00 J, 5 Notes PayahLe " 24,000.00 T m lun. 1n " SuppLies mum) T 11 Cash 2,380.00 Jy E lun.12 " {ash I 11301100 I T 13 Fees Earned 12,200.00 I. Jun. 15 " Prepaid Insuranm I 3.501100 I T 15 Cash 3,600.00 Jr 15' lun. 25 " Amounts ReceivabLe manna " T 1: Fees Earned 11301100 " 13 Jun. 2-1 V 1ul'an exp-arse 1,500.00 V I 19 Amounts PayabLe Lsmm " T I: Fohts: _ 51.12 How does MGM JOURNAL PACE. Scare: 151.3153 ACCOUN'I'ING EQUATIIZH'I JOURNAL Score: 151I13 ACCOUNTING EQUATION DEE [ESCRIPTIUH POST. REF DEBIT CREDIT ASSETS LLIBILITIE Ewl' T. Jun. 29 v Utilities Expense I 3,100.00 I 2 Cash 3.101100 . 3 - Jun. 29 v Miscellaneous Expense 950.00 4: a Cash 95am) - T lun.50 " ash I 3:33am I ' e Aocuunts RecereehLe 323mm) . 7 ' lun. 3|) " Wages queree 5mm) 4. a Cash 5,010.00 7 T Jun. 30 " mums PayebLe I 5.325.311 I J. 10 Cash 6,825.00 7 :- lun. 3|) " Kris 5mm; Drawing I 1.501100 I 11 Cash 1,600.00 7 I Pnhh' u1 I. Ledge r x 2. Posrfm-zwanobgmmrder) mmmrmamaIMmm mmjrserngappmparapasngmfammsmmm mejaummndmaladgarasaanf pasmd. Extendrhebaanms to the appropriate berm {Hymns afrersach transaction isposma'. How does mm LEDGER b Amount Cash mm; rnzu pas-r. mar. 1 Jun.1 " Balance 2 Jun.1 f 3 Jun f a lun. 10 " 5 lun. 12 " a lun. 15 " g If If DEBIT .1 $5,000.00 n! 12,200.00 CREDIT v' 4,150.00 |f 4,500.00 at 2,380.00 n! 3,500.00 BALANCE DEBIT v 35,000.00 n! 30,250.00 v' 25350.00 v 25,330.00 n! 35,5?000 u 31,9?000 CREE A
