Question
rent Attempt in Progress Transactions for Sheridan Ltd. for the month of June, its first month of operations, are presented below. June 1 18
rent Attempt in Progress Transactions for Sheridan Ltd. for the month of June, its first month of operations, are presented below. June 1 18 4702222 25 28 29 Issued common shares to shareholders in exchange for $2,000 cash. Purchased supplies on account for $200. Billed J. Kronsnoble $450 for welding work done. Received partial payment of $250 from J. Kronsnoble for work billed on June 7. Hired a new employee to start work on July 3. Received cash of $150 from Liu Controls Ltd. as a deposit for welding work to be done in July. Paid for supplies purchased on June 4. Paid $100 for monthly income tax instalment. Journalize the transactions for Sheridan Ltd. (List all debit entries before credit entries. Credit account titles are automatically indent when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date < > Account Titles and Explanation Debit Credit
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