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On June 1, 2021, Katie Long established a corporate lawn care business, Turf Shark During the month, Katie completed the following transactions related to the
On June 1, 2021, Katie Long established a corporate lawn care business, Turf Shark During the month, Katie completed the following transactions related to the business. Katie transferred cash from a personal bank account to an account to be used for the business, $30,500 Paid June's rent, $2,960. Purchased a truck for $25,000, paying $2,000 cash and giving a note payable for the remainder. 8. Purchased equipment on account, $11,900. 10. 10. Purchased supplies for cash, $2,040. 12. Paid annual premiums on property and casualty insurance, $4,580. Received cash for job completed, $12,810. Paid creditor a portion of the amount owed for equipment purchased on June 13, $4,240. Recorded jobs completed on account and sent invoices to customers, $14,580. Received an invoice for truck expenses, to be paid in July, $1,340. 26. Paid utilities expense, $1,530. 27. Paid miscellaneous expenses, $550. 28. 5. June 4. 6. 15. 23. 24. 25. Received cash from customers on account, $6,100. 29. Paid wages of employees, $4,060. Withdrew cash for personal use, $3,390 A) Record the following selected transactions for June in a two-column journal, B) Post to the transactions to the T accounts, C) and prepare an unadjusted trial balance.
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