Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in owner's equity for January. 085.1.23 June PR 2-3A Journal entries and trial balance On June 1, 2019, Kris Storey established an interior decorating business,

image text in transcribed
image text in transcribed
in owner's equity for January. 085.1.23 June PR 2-3A Journal entries and trial balance On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Desie During the month, Kris completed the following transactions related to the business: 1. Kris transferred cash from a personal bank account to an account to be me 1. Paid gent for period of June 1 to end of month, $4,750. 6. Purchased office equipment on account, $14,100. 8. Prchased a van for $28,500/paying $4,500 cash and giving a note payabl . the remainder. aingoz bes99 10. Purchased supplies for cash, $2,380. 12. Received cash for job completed, $12,200. 15. Paid annual premiums on property and casualty insurance, $3,600. 23. Recorded jobs completed on account and sent invoices to customers, $ 24. Received an invoice for van expenses, to be paid in June, $1,500. Dados soara ob Gurbindow) in bab OTE Chapter 2 Analyzing Transactions 99 Enter the following transactions on Page 2 of the two-column journal: June 29. Paid utilities expense, $3,100. 29. Paid miscellaneous expenses, $950. .30. Received cash from customers on account, $7,330. 30. Paid wages of employees, $5,070. 30. Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,825. 30. Withdrew cash for personal use, $1,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan Hamlen

5th Edition

1618534246, 9781618534248

More Books

Students also viewed these Accounting questions