Question
Prepare ledger entries for Starbucks Corporation for the month of June 20X4 based on the following transactions: Date Transaction Description Debit ($) Credit ($) 20X4-06-01
Prepare ledger entries for Starbucks Corporation for the month of June 20X4 based on the following transactions:
Date | Transaction Description | Debit ($) | Credit ($) |
20X4-06-01 | Sold merchandise for cash | $5,000 | |
20X4-06-05 | Purchased inventory on credit from XYZ Supplier | $8,000 | |
20X4-06-10 | Paid rent for the month | $2,000 | |
20X4-06-15 | Received payment from customers on account | $3,500 | |
20X4-06-20 | Sold merchandise on credit to ABC Corporation | $4,500 | |
20X4-06-25 | Paid salaries for the month | $3,000 | |
20X4-06-30 | Collected cash sales for the month | $6,000 |
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
