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i need help solving retained earnings, and if possible double check my other work? June 1 Lisa Ryan invested $13,000 cash to be in the
i need help solving retained earnings, and if possible double check my other work?
June 1 Lisa Ryan invested $13,000 cash to be in the business she received common stock for her investment. 2 Paid rent for June, 51,050 3 Purchased office equipment on account. 56.500 6 Purchased art materials and other supplies costing 53.900 paid 51,900 down with the remainder due within 30 days 11 Billed clients for services. 56.800 17 Collected 53,350 from clients on account 19 Paid $3,100 on account to office equipment company (see June 3 transaction) 25 Lisa Ryan recewed a $2,100 dividend 30 Paid utility bill for June 5450 30 Paid Salaries for June 37,600 Accounting Equation Journal Entries a. Using the accounting equation, record each of the transactions in columnar format. Use negative signs with your answers, when appropriate Cash Accounts Receivable Supplies Office Equipment Accounts Payable. Common Stock Retained Earnings June 15 13000 $ 5 $ $ 13000 2 -1050 3 6500 6500 G -1900 3900 2000 11 6800 17 3350 3350 19 -3100 -3100 25 2100 30 -450 30 2600 5 5150 5 3450+ 3900 + $ 6500 - 5 5400 13000 Step by Step Solution
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