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Transactions for Crane Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $5,030 cash. 2
Transactions for Crane Company for the month of June are presented below.
June 1 | Issues common stock to investors in exchange for $5,030 cash. | |
2 | Buys equipment on account for $1,040. | |
3 | Pays $610 to landlord for June rent. | |
12 | Sends Wil Wheaton a bill for $890 after completing welding work. |
Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 1 Cash Owners Capital June 2
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