Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Journal entries and trial balance Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Final Questions Instructions On June 1, 2016, Hannah Ellis established
Journal entries and trial balance Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Final Questions Instructions On June 1, 2016, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transaction June 1 Hannah transferred cash from a personal bank account to an account to be used for the business, $26,500. 1 Paid rent for period of June 1 to end of month, $3,000. 6 Purchased office equipment on account, $12,900. 8 Purchased a van for $30,800 paying $6,200 cash and giving a note payable for the remainder. 10 Purchased supplies for cash, $1,560. 12 Received cash for job completed, $7,900. 15 Paid annual premiums on property and casualty insurance, $2,000. 23 Recorded jobs completed on account and sent invoices to customers, $12,330. 24 Received an invoice for van expenses, to be paid in July, $1,300. Enter the following transactions on Page 2 of the two-column journal: June 29 Paid utilities expense, $3,450. 29 Paid miscellaneous expenses, $1,670. 30 Received cash from customers on account, $7,700. 30 Paid wages of employees, $4,000. 38 30 30 Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,460. Withdrew cash for personal use. $2,100. Check My Work 3 more Check My Work uses remaining. All work saved. MacBook Pro
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started