Transactions for the Hank Norris Company for the month of
Transactions for the Hank Norris Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.
June 1 Hank Norris invests $5,000 cash in a small welding business of which he is the sole proprietor.
2 Purchases equipment on account for $900.
3 $800 cash is paid to landlord for June rent.
12 Bills J. Kronsnoble $300 for welding work done on account.