Answered step by step
Verified Expert Solution
Question
1 Approved Answer
june 3 recieved a telephone bill for 250 which be paid next month jun 6 paid an employees salary of 1200 jun10 recieved 3000 cash
june 3 recieved a telephone bill for 250 which be paid next month jun 6 paid an employees salary of 1200 jun10 recieved 3000 cash from customers paying in advance for upcoming one year memberships jun15 paid 6000 cash in advance for six months of rent jun 20 received a 10,000 loan from the bank jun26 purchased equipment worth 8000 cash
Jun 3 Telephone Expense Expense Decrease Debit . Accounts Payable Liability Decrease Credit Jun 6 Salary Expense Expense Increase Debit Cash Asset Decrease Credit Jun 10 Service Revenue Accounts Receivable Jun 15 + e Jun 20 . . . Jun 26 10 1 199+ Type here to searchStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started