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The general ledger also revealed account no. 530, Legal and Accounting Expense. The following transactions occurred during June: 6/2 Collected $3,000 on account from customers

The general ledger also revealed account no. 530, Legal and Accounting Expense. The following transactions occurred during June:

6/2

Collected $3,000 on account from customers

6/7

Sold 25% of the equipment and supplies to a young artist for $700 cash

6/10

Received a $300 invoice from the accountant for preparing last quarter's financial Statem

6/15

Paid $1,900 to creditors on account.

6/27

Adkins withdrew $2,000 cash for personal use.

6/30

Billed a customer $3,000 for a portrait painted this month.

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