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Prepare the journal entries to record the following transactions for Country Highlands Pty Ltd in June 2021. Date and narration are required. Date Transaction Owner
Prepare the journal entries to record the following transactions for Country Highlands Pty Ltd in June 2021. Date and narration are required. Date Transaction Owner invested Equipment worth $6,000 and Cash $24,000 to start the 2-Jun business. 4-Jun Paid 6 months' rent of $12,000 in advance for the shop. 7-Jun Provide services for $7,500 on credit. Purchased a van for business worth $34,000. Paid $ 10,000 cash and the 9-Jun balance to be paid later. 11-Jun Paid salary to the shop assistant $2,000. 18-Jun Received the full payment from customers for services provided on 7 June. 25-Jun Owner withdrew $8,000 from the business for personal use
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