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My ending debit and credit don't match. What would be the ending credit and debit balance? June 1. Kris transferred cash from a personal bank
My ending debit and credit don't match. What would be the ending credit and debit balance?
June 1. Kris transferred cash from a personal bank account to an account to be used for the business, $19,500. 4. Paid rent for period of June 4 to end of month, $1,890. 6. Purchased a used truck for $16,000, paying $2,000 cash and giving a note payable for the remainder. 8. Purchased equipment on account, $7,610. 10. Purchased supplies for cash, $1,310. 12. Paid annual premiums on property and casualty insurance, $2,930. 15. Received cash for job completed, $8,190. Enter the following transactions on Page 2 of the two-column journal: 23. Paid creditor a portion of the amount owed for equipment purchased on June 13,$2,710. 24. Recorded jobs completed on account and sent invoices to customers, $9,320. 25. Received an invoice for truck expenses, to be paid in July, $860. 26. Paid utilities expense, $980. 27. Paid miscellaneous expenses, $350. 28. Received cash from customers on account, 53,900 . 29. Paid wages of employees, $2,590. 30. Withdrew cash for personal use, $2,160. 4. Determine the excess of revenues over expenses for June. $ 5. Can you think of any reason why the amount determined in (4) might not be the net income for JuneStep by Step Solution
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