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Samuel Aldrich started his own delivery service, Aldrich Service Inc., on June 1 , 2 0 1 4 . The following transactions occurred during the
Samuel Aldrich started his own delivery service, Aldrich Service Inc., on June The following transactions occurred during the month of June.
June Stockholders invested $ cash in the business in exchange for common stock.
Purchased a used vehicle for deliveries for $ Samuel paid $ cash and signed a note payable for the remaining balance.
Paid $ for office rent for the month.
Performed $ of services on account.
Paid $ in cash dividends.
Purchased supplies for $ on account.
Received a cash payment of $ for services provided on June
Received a bill for $ to cover advertisements in TriState News.
Received a cash payment of $ for services provided.
Made a cash payment of $ on the note payable.
Paid $ for utilities.
Paid for the supplies purchased on account on June
Paid $ for employee salaries.
The company uses the following accounts: Cash, Accounts Receivable, Prepaid Insurance, Supplies, Vehicle, Accounts Payable, Notes Payable, Common Stock, Dividends, Service Revenue, Advertising Expense, Rent Expense, and Utilities Expense,
Instructions
Journalize the June transactions. For EACH transaction, DEBITS MUST be recorded first followed by the credit which is indented As an example, the first transaction is recorded for you:
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