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Journal entries and trial balance Instructions Chart of Accounts Journal Ledger Instructions On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth
Journal entries and trial balance Instructions Chart of Accounts Journal Ledger Instructions On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transactions related to the business: June 1 Hannah transferred cash from a personal bank account to an account to be used for the business, $48,000. 1 Paid rent for period of June 1 to end of month, $6,510. 6 Purchased office equipment on account, $19,340. 8 Purchased a van for $39,100 paying $6,200 cash and giving a note payable for the remainder. 10 Purchased supplies for cash, $3,260. 12 Received cash for job completed, $16,730. 15 Paid annual premiums on property and casualty insurance, $4,940. 23 Recorded jobs completed on account and sent invoices to customers, $16,320. 24 Received an invoice for vin expenses, to be paid in July, $2,060. Enter the following transactions on Page 2 of the two-column journal: June 29 Paid utilities expense, $4,250. 29 Paid miscellaneous expenses, $1,300. 30 Received cash from customers on account, $10,050. 30 Paid wages of employees, $6,950.
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