Data for Bratt Plumbing Company are presented in E2-6. June 1 Paid $550 for rent for the

Question:

Data for Bratt Plumbing Company are presented in E2-6.

June 1 Paid $550 for rent for the month of June.

2 Paid $175 for one month of insurance.

5 Collected an account of $1,255 for plumbing services provided in May. This account was billed and correctly recorded in May.

9 Provided Jeff Dupuis, a potential customer, with an estimate of $5,000 for plumbing work that will be performed in July if the customer hires Bratt Plumbing.

14 Paid $675 for supplies purchased on account in May. The purchase in May had been correctly recorded.

17 Billed Rudy Holland $1,420 for plumbing work done.

19 Jeff Dupuis agreed to hire Bratt Plumbing (see the June 9 transaction) and gave Bratt Plumbing a down payment of $1,000.

29 Purchased $1,575 of equipment on account.

30 Paid an employee $850.

30 Paid D. Bratt, the company owner, $1,250.

Instructions

For each transaction, prepare a basic analysis and a debit/credit analysis.

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Related Book For  book-img-for-question

Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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