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Mary's Bakery provided the following transactions for the month of June 20X4: June 1: Purchased baking ingredients on credit for $5,000. June 5: Sold cakes
Mary's Bakery provided the following transactions for the month of June 20X4:
- June 1: Purchased baking ingredients on credit for $5,000.
- June 5: Sold cakes for $3,000 in cash.
- June 10: Paid $2,500 for rent expenses.
- June 15: Received $2,800 from customers on account.
- June 20: Paid $1,200 for utilities.
- June 25: Purchased baking equipment for $4,500 in cash.
- June 30: Paid $1,000 to suppliers on account.
- Create ledger accounts for each transaction and post them accurately, ensuring adherence to accounting principles.
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