Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WILLIANS DELIVERIES Liabilities Notes Payable Accounts Payable Common Stock $ $ s 17800 2 Purchased a used van for deliveries for $15,000. Linda paid $3,500

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
WILLIANS DELIVERIES Liabilities Notes Payable Accounts Payable Common Stock $ $ s 17800 2 Purchased a used van for deliveries for $15,000. Linda paid $3,500 cash and signed a note payable for the remaining balance. 3 Paid $600 for office rent for the month. 5 Performed $4,700 of services on account. 9 Declared and paid $300 in cash dividends: 12. Purchased supplies for $100 on account. 15 Recelved a cash payment of $1,100 for services performed on June 5. 17 Purchased gasoline for $300 on account. 20 Recelved $1,600 cash for services performed. 23 Made a cash payment of $500 on the note payable. 26 Paid $300 for utlilities 29 Paid for the gasoline purchased on account on June 17. 30 Paid $1,190 for employee salaries. Assets DateJune1$Cash$ 2 3 5 9 12 15 17 20 23 26 29 30 Accounts Receivable Supplies Equipr $ 5 Stockholders' Equity Retained Earnings Common Stock Revenues $ Expenses $ Dividends $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions