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Mary Baker opened a tax practice on June 1. The following accounts will be needed to record her transactions for june: Cash; Accounts Receivable; Office

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Mary Baker opened a tax practice on June 1. The following accounts will be needed to record her transactions for june: Cash; Accounts Receivable; Office Supplies; Tax Library: Office Furniture and Fixtures; Accounts Payable; Notes Payable; Common Stock; Dividends; Professional Fees Earned; Rent Expense; Salaries Expense; Advertising Expense; Utilities Expense; and Interest Expense. The following transactions occured during the month of June: 1 Baker opened a business checking account at a local bank, investing $13,500 in her practice in exchange for common stock 2 Purchased office furniture and fixtures for $9,800, paid $2,800 cash, and gave a note payable for the balance. 3 Purchased books and software for a tax library on account, $4.500. 4 Purchased office supplies for cash, $950. 5 Paid rent for June, $750. Returned $300 of books with defective bindings. The return reduced the amount owed to the supplier. 7 Billed clients for professional services rendered, $9,200. 8 Paid $1,700 on account for the library itens purchased on June 3. 9 Collected $5,900 on account from clients billed on June 7. 10 Pald June salarles, $4,900 11 Received invoice for June advertising, to be paid in July, $300. 12 Paid stockholders $800 cash as a dividend. 13 Paid utilities for June, $160. . 14 Paid interest for June on note payable, $310. . Journal Entries Trial Balance General Journal Debt Credit Dane 11 . To record swansol com slock MARY BAKER TAX ACCOUNTING, INC. Triel Balance June 20 Debit Credit 5 Account Revale how Library Oh umuruncatura . Te record purwumture and torture 15 Te record prefer tax library. Net Commen Divide Professionals Carned 14 Te record sweet Salaries Exsense 15 + Te redeneers Utile pe Inneren $ Ta record recurn of defective boce Teracord bingo prstein Dritarras. To record payment of hariams purchased 19 . To record cochotected for customers 1101 . To record paymenos 1111 . Tu We Th 4 kg www.a 1121 Te record 1121 + + Te record payments were + Te recordement T-Accounts Accounts Receivable Om Furniture and extures Notes Payable 21 141 14 19 14 Account Payable Common Steck Interat Expense Salaria Expres 121 (11 (10 Mary Baker opened a tax practice on June 1. The following accounts will be needed to record her transactions for june: Cash; Accounts Receivable; Office Supplies; Tax Library: Office Furniture and Fixtures; Accounts Payable; Notes Payable; Common Stock; Dividends; Professional Fees Earned; Rent Expense; Salaries Expense; Advertising Expense; Utilities Expense; and Interest Expense. The following transactions occured during the month of June: 1 Baker opened a business checking account at a local bank, investing $13,500 in her practice in exchange for common stock 2 Purchased office furniture and fixtures for $9,800, paid $2,800 cash, and gave a note payable for the balance. 3 Purchased books and software for a tax library on account, $4.500. 4 Purchased office supplies for cash, $950. 5 Paid rent for June, $750. Returned $300 of books with defective bindings. The return reduced the amount owed to the supplier. 7 Billed clients for professional services rendered, $9,200. 8 Paid $1,700 on account for the library itens purchased on June 3. 9 Collected $5,900 on account from clients billed on June 7. 10 Pald June salarles, $4,900 11 Received invoice for June advertising, to be paid in July, $300. 12 Paid stockholders $800 cash as a dividend. 13 Paid utilities for June, $160. . 14 Paid interest for June on note payable, $310. . Journal Entries Trial Balance General Journal Debt Credit Dane 11 . To record swansol com slock MARY BAKER TAX ACCOUNTING, INC. Triel Balance June 20 Debit Credit 5 Account Revale how Library Oh umuruncatura . Te record purwumture and torture 15 Te record prefer tax library. Net Commen Divide Professionals Carned 14 Te record sweet Salaries Exsense 15 + Te redeneers Utile pe Inneren $ Ta record recurn of defective boce Teracord bingo prstein Dritarras. To record payment of hariams purchased 19 . To record cochotected for customers 1101 . To record paymenos 1111 . Tu We Th 4 kg www.a 1121 Te record 1121 + + Te record payments were + Te recordement T-Accounts Accounts Receivable Om Furniture and extures Notes Payable 21 141 14 19 14 Account Payable Common Steck Interat Expense Salaria Expres 121 (11 (10

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