The Copy Center had the transactions listed below during the month of June. Show how each transaction
Question:
TRANSACTIONS
1. John Amos started the business with a cash investment of $60,000.
2. Purchased equipment for $22,000 on credit.
3. Performed services for $3,100 in cash.
4. Purchased additional equipment for $4,600 in cash.
5. Performed services for $5,050 on credit.
6. Paid salaries of $4,450 to employees.
7. Received $3,200 cash from charge account customers.
8. Paid $13,000 to a creditor on account.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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