Question
Jean Robertson Law Firm opens her own law office on June 1, 2020. During the first month of operation, the following transactions occurred. Jean invested
Jean Robertson Law Firm opens her own law office on June 1, 2020. During the first month of operation, the following transactions occurred.
Jean invested $ 33,000 in cash in the law practice
Paid $ 930 for June rent on office space
Purchased equipment on account $ 3,745
Performed legal services for client for cash $ 2,550
Borrowed $ 1,220 cash from a bank on a note payable
Performed legal service for client on account $ 4,400
Paid monthly expenses: salary and wages $ 855, utilities $ 325, and advertising $ 125
Jean withdrew $ 1, 455 cash for personal use
Instructions:
Journalize the transaction for Jean Robertson Law Firm and post it to general ledger.
Prepare Jean Robertson trial balance for June 30, 2020
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