JPMorgan Chase & Co.
Enter the following transactions in the appropriate accounts:
20X3
Jun 1 Started business with $240,000 cash.
Jun 2 Paid $216,000 of the opening cash into the bank.
Jun 4 Bought goods on credit $23,000 from L. Johnson.
Jun 5 Bought a van by cheque $96,000.
Jun 7 Bought goods for cash $11,500.
Jun 10 Sold goods on credit $23,500 to C. Garcia.
Jun 12 Returned goods to L. Johnson $4,900.
Jun 19 Sold goods for cash $8,600.
Jun 22 Bought office furniture on credit from Best Buy $24,500.
Jun 24 R. Martinez lent us $23,000 paying us the money by cheque.
Jun 29 We paid L. Johnson his account by cheque $22,000.
Jun 31 We paid Best Buy by cheque $24,500.