Using T accounts, post the journal entries in BE3-6 to the general ledger. BE3-6 June 1 Issued
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BE3-6
June 1 Issued common shares to shareholders in exchange for $2,500 cash.
2 Purchased supplies on account for $250.
12 Billed J. Kronsnoble $300 for welding work done.
22 Received cash from J. Kronsnoble for work billed on June 12.
25 Hired an employee to start work on July 2.
28 Received cash of $200 from K. Jones as a deposit for welding work to be done in July.
29 Paid for supplies purchased on June 2.
30 Paid $100 for income tax.
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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