Question
post the June journal entries to the ledger account? June 1. Began business by depositing $20,000 in a bank account in the name of the
post the June journal entries to the ledger account?
June 1. Began business by depositing $20,000 in a bank account in the name of the company.
June 1. Paid the rent for the store for current month, $1,700.
June 1. Paid the premium on a one-year insurance policy, $1,920.
June 2. Purchased repair equipment from Bilbao Company, $16,800. Terms were $2,400 down and $1,200 per month for one year. First payment is due June 1.
June 5. Purchased repair supplies from Rusin Company on credit, $1,872.
June 8. Paid cash for an advertisement in a local newspaper, $240.
June 15. Received cash repair revenue for the first half of the month, $1,600.
June 21. Paid Rusin Company on account, $900.
June 30. Received cash repair revenue for the last half of June, $3,900.
June 30. Made a withdrawal, $1,200.
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Excel Applications For Accounting Principles
Authors: Gaylord SmithBruce Walz
4th Edition
1133388027, 9781133388029
