PUN LIT LUMIERCU U TUHUMIY HOLLUIS HEUREURI UI JULI Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. 1 Leslie Mans, the owner, invested $124,000 cash, office equipment with a value of $11,000, and $72,000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth $55,000 for an office by paying $14,700 cash and signing a long-term note payable for $40,300. Jun. 3 The company purchased a portable building with $49,000 cash and moved it onto the land acquired on June 2. Jun. The company paid $6,600 cash for the premium on an 18-month insurance policy. Jun. 5 The company completed and delivered a set of plans for a client and collected $11,000 cash. Jun. 6 The company purchased $27,200 of additional drafting equipment by paying $15,500 cash and signing a long-term note payable for $11,700. Jun. 7 The company completed $23,600 of engineering services for a client. This amount is to be received in 30 days. Jun. 8 The company purchased $1,750 of additional office equipment on credit. Jun. 9 The company completed engifeering services for $24,400 on credit. Jun. 10 The company received a bilt for rent of equipment that was used on a recently completed job. The $1,900 rent cost must be paid within 30 days. Jun. 12 The company collected $11,800 cash in partial payment from the client billed on June 9. Jun. 14 The company paid $1,200 cash for wages to a drafting assistant. Jun. 17 The company paid $1,750 cash to settle the account payable created in on June 8. Jun. 20 The company paid $1,225 cash for minor maintenance of its drafting equipment. Jun. 23 Leslie Adams withdrew $9,720 cash from the company for personal use. Jun. 28 The company paid $1,200 cash for wages to a drafting assistant. Jun. 29 The company paid $2,980 cash for advertisements on the web during June. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Each journal entry is posted automatically to the general ledger (abnormal balances appear in parentheses). Think of the general ledger as sorting all of your journal entries by account title. Click on any of the individual amounts to return to the underlying journal entry. Show less General Ledger Account Data is not available une journal entries have been entered Trial Balance >
