Question

Giuseppe Landscaping Ltd's selected account balances are presented below.
Additional information regarding transactions that occurred in June:
1. Collection from accounts receivable was $7,500.
2. Additional landscaping supplies purchased were $1,000.
3. Cash paid in advance from customers was $1,800.
4. Salary paid to employee that was owing from the previous month was $4,000.
Requirements
1. Record the transactions that occurred during June.
2. Record the adjusting entries on June 30.
3. What amount should be reported for revenue and expense accounts on the income statement for the month ended June 30?


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  • CreatedJuly 08, 2015
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