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Journalize the transactions for Ing Ltd. given in BE3.5. In BE3.5. June 1 Issued common shares to shareholders in exchange for $2,500 cash. 4 Purchased
Journalize the transactions for Ing Ltd. given in BE3.5.
In BE3.5.
June 1 Issued common shares to shareholders in exchange for $2,500 cash.
4 Purchased supplies on account for $250.
7 Billed J. Kronsnoble $300 for welding work done.
18 Received partial payment of $200 from J. Kronsnoble for work billed on June 7.
25 Hired a new employee to start work on July 3.
27 Received cash of $200 from Liu Controls Ltd. as a deposit for welding work to be done in July.
28 Paid for supplies purchased on June 4.
29 Paid $100 for monthly income tax instalment.
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