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Record these transactions of the Global Fiter Corp. company by recording the debit and credit entries directly in the T-accounts. Use the date for each
Record these transactions of the Global Fiter Corp. company by recording the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount the right-hand cell on the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or Bal) next to it, in the left-hand cell on the appropriate side. a. June 2 Shawna Cameron (a shareholder), received share capital in Global Filter Corp, after investing $65,000 cash into the business. b. June 3 Furniture was rented by a customer for $1,900 on credit. c. June 4:Global Fter Corp. bought $4,000 of equipment, using $1,000 cash and S3,000 on account. d. June 6 Global Filter Corp. will pay the S1,750 advertising bill received today within 30 days. e. June 9 Global Filter Corp. received $1,600 towards payrment for the services provided in transaction (b) f. June 12: Global Flter Corp. pald $4,500 for equipment purchased today g. June 13: Furniture was rented by a customer for $1,000 cash. h. June 15 Global Flter Corp. bought equipment on credit for $2,750. I. June 18 Global Fllter Corp. pald $1,300 towards the bll from transaction (h). j. June 19: Global Filter Corp. paid a 1,5l eceived today for an advertising campaign that ran last week Prepaid Insurance Accounts Payable Share Capital Rent Famed Advertising Expense
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