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Required information [The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of

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Required information [The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $22,000 and receive cash. b. Purchase office supplies on account for $12,000. c. Pay $5,400 in salaries to employees for work performed during the month. 3. Post the transactions to T-accounts. Assume the opening balance in each of the accounts is zero. Service Revenue 0 Credit 0 Debit Credit Beginning Balance 22,000 0(c) Ending Balance Cash Debit Beginning Balance (a) Ending Balance 22,000 Beginning Balance Ending Balance Supplies Accounts Payable Debit Credit Debit Credit Beginning Balance 0 20,000 (b) 0 Salaries Expense Debit Credit Ending Balance 20,000

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