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On June 1, Donna Banhil established Solo Services, a voice consulting service. Enter the following transactions for June in T-accounts using + and - to
- On June 1, Donna Banhil established Solo Services, a voice consulting service. Enter the following transactions for June in T-accounts using + and - to indicate increases or decreases: Transactions 1. Donna Banhil invested $15,000 in cash to open the business 2. Paid $1,500 for June's rent 3. Paid $4,500 for rent in advance, for the next three months (July-September) 4. Purchased office supplies for $800 on credit 5. Performed voice consulting services and immediately received $1,200 from clients. 6. Gave voice lessons to charge account clients and earned $9,000 7. Paid $100 cash for the supplies purchased earlier in the month 8. Received $1,000 in cash from credit clients billed earlier in the month
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