Question
You were appointed as an accountant of Kenneth Service Pty Ltd. Record journal entries for the following transactions Date Transactions Amount 03/06/2020 Issue of additional
You were appointed as an accountant of Kenneth Service Pty Ltd. Record journal entries for the following transactions Date Transactions Amount 03/06/2020 Issue of additional shares by private placement 50,000 05/06/2020 Borrowed money from ANZ. 30,000 06/06/2020 Paid rent for June 6,000 08/06/2020 Collected a partial payment on an outstanding account receivable 5,000 13/06/2020 Paid a partial payment on the open account 10,000 14/06/2020 Paid wages expense incurred 15,000 15/06/2020 Provided services to customers, received cash 30,000 20/06/2020 Provided services on account 5,000 23/06/2020 Paid cash for legal advice associated with liquidation 3,000 28/06/2020 Paid wages expense incurred 4,000 29/06/2020 Received a bill for accounting services 20,000 30/06/2020 Received a bill for utilities used 25,000 Journal Entries Date Accounts Debit Credit 03/06/2020 $50,000 $50,000 05/06/2020 $30,000 $30,000 06/06/2020 $6,000 $6,000 08/06/2020 $5,000 $5,000 13/06/2020 $10,000 $10,000 14/06/2020 $15,000 $15,000 15/06/2020 $30,000 $30,000 20/06/2020 $5,000 $5,000 23/06/2020 $3,000 $3,000 28/06/2020 $4,000 $4,000 29/06/2020 $20,000 $20,000 30/06/2020 $25,000 $25,000
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