June 2:	Received contributions of $10,000 from each of the three owners of the business in exchange for shares of stock.
June 5:	Purchased a computer system for $12,000. The agreement with the vendor requires a down payment of $2,500 with the balance due in 60 days.
June 8:	Signed a two-year promissory note at the bank and received cash of $20,000.
June 15:	Billed $12,350 to clients for the first half of June. Clients are billed twice a month for services performed during the month, and the bills are payable within ten days.
June 17:	Paid a $900 bill from the local newspaper for advertising for the month of June.
June 23:	Received the amounts billed to clients for services performed during the first half of the month.
June 28:	Received and paid gas, electric, and water bills. The total amount is $2,700.
June 29:	Received the landlords bill for $2,200 for rent on the office space that Neveranerror leases. The bill is payable by the 10th of the following month.
June 30:	Paid salaries and wages for June. The total amount is $5,670.
June 30:	Billed $18,400 to clients for the second half of June.
June 30:	Declared and paid dividends in the amount of $6,000.

Required:

1. Complete the below table to summarize the preceding transactions as they affect the accounting equation. Ignore depreciation expense and interest expense. If an account is unaffected by a transaction, enter "0". Use the minus sign to indicate decreases.

Neveranerror Inc. Transactions for the Month of June

Assets

=

Liabilities

+

Stockholders' Equity

Date

Cash

Accounts Receivable

Computer

Rent Payable

Accounts Payable

Notes Payable

Capital Stock

Retained Earnings

June 2

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$fill in the blank 9873270f5053fa3_2

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$fill in the blank 9873270f5053fa3_4

$fill in the blank 9873270f5053fa3_5

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$fill in the blank 9873270f5053fa3_7

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June 5

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fill in the blank 9873270f5053fa3_13

fill in the blank 9873270f5053fa3_14

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Bal.

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$fill in the blank 9873270f5053fa3_21

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June 8

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fill in the blank 9873270f5053fa3_29

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Bal.

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June 15

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Bal.

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$fill in the blank 9873270f5053fa3_51

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June 17

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fill in the blank 9873270f5053fa3_61

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Bal.

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$fill in the blank 9873270f5053fa3_67

$fill in the blank 9873270f5053fa3_68

$fill in the blank 9873270f5053fa3_69

$fill in the blank 9873270f5053fa3_70

$fill in the blank 9873270f5053fa3_71

$fill in the blank 9873270f5053fa3_72

June 23

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fill in the blank 9873270f5053fa3_77

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Bal.

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June 28

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fill in the blank 9873270f5053fa3_91

fill in the blank 9873270f5053fa3_92

fill in the blank 9873270f5053fa3_93

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Bal.

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$fill in the blank 9873270f5053fa3_99

$fill in the blank 9873270f5053fa3_100

$fill in the blank 9873270f5053fa3_101

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$fill in the blank 9873270f5053fa3_103

$fill in the blank 9873270f5053fa3_104

June 29

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fill in the blank 9873270f5053fa3_109

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Bal.

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$fill in the blank 9873270f5053fa3_117

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June 30-Wages

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Bal.

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June 30-Billed clients

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Bal.

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June 30-Dividends

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Bal.

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Total Assets

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Total Liabilities and Stockholders' Equity

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