Question
Transactions for UMC Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. Journalize the
Transactions for UMC Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. Journalize the transactions
| June 1 | Issues common stock to investors in exchange for $5,000 cash. |
| 2 | Buys equipment on account for $1,100. |
| 3 | Pays $740 to landlord for June rent. |
| 12 | Bills Matt Wilfer $700 for welding work done. |
| GENERAL JOURNAL | ||||||
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| 2014 |
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| (Issued stock for cash) |
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
