Question
June 1 : Hailey Walker invested $ 10 000 cash to start her new business HWE June 2 : purchased for $6 000, a used
June 1 : Hailey Walker invested $ 10 000 cash to start her new business HWE
June 2 : purchased for $6 000, a used food truck on credit
June 3 : purchased supplies for $ 2 500 paid cash
June 5 : purchased supplies for $ 1 100 on credit
Jun§e 10 : rendred food services for $ 2 200 cash
June 15 : paid $ 1 000 rent expense in cash
June 15 : paid cash $ 700 salaries expense
June 16 : service contract signed for july
June 17 : services and teaching revenues of $ 1 900 rendered for credit ( $ 1 600 food services and $ 300 teaching revenue)
June 25 : receipt of $ 1 900 cash on account
June 26 : Paiement of $ 900 accounts payable
June 30 : withdrawal of $ 600 by the owner
Record the june transactions in the journal
Post them to the ledger
Prepare a trial balance at june 30
1 Prepare the income statement for june
2 Prepare the statement of owner equity
Prepare the balance sheet as at june 30
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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