1. Prepare journal entries for the daily transactions

2. Post entries to the ledger accounts

3. Prepare a Trial Balance for June 30, 2020

Matt Smith Investigative Agency

Chart of Accounts

Assets			Revenue
111	Cash		411	Investigative Fees Earned
112	Accounts Receivable		Expenses
131	Supplies		511	Wages Expense
141	Equipment		521	Telephone Expense
			531	Advertising Expense
Liabilities
211	Accounts Payable
Owner Equity
311	M. Smith, Capital
321	M. Smith, Withdrawals

Problem #2 continued

The transactions below were completed for the month of June.

2020

June 3 Matt Smith invested $15,000 in his business.

4 Bought equipment for cash, $5,100.

7 Earned investigative fees, $3,200 but payment from client will not be received until later

10 Matt paid his home water and gas bill from the company bank account, $107.

11 Located missing spouse for client, received $975 in cash.

14 Paid cash for supplies, $270.

18 Paid wages expense, $1,100

25 Received half of the fee earned on June 7, $1,600

27 Telephone bill was received but not yet paid, $130

28 Advertising bill was received but not yet paid, $525