IBM Corp.
Enter the following transactions in the appropriate accounts:
20X6
Jun 1 Started business with $60,000 cash.
Jun 2 Paid $54,000 of the opening cash into the bank.
Jun 4 Bought goods on credit $5,000 from T. Collins.
Jun 5 Bought a van by cheque $24,000.
Jun 7 Bought goods for cash $2,500.
Jun 10 Sold goods on credit $5,500 to K. Brooks.
Jun 12 Returned goods to T. Collins $1,200.
Jun 19 Sold goods for cash $1,600.
Jun 22 Bought office furniture on credit from OfficeMax $6,500.
Jun 24 B. Rogers lent us $5,000 paying us the money by cheque.
Jun 29 We paid T. Collins his account by cheque $4,300.
Jun 31 We paid OfficeMax by cheque $6,500.