Calculate the total expenses for the month of June 2019, given the following transactions. 1. Paid salaries
Question:
Calculate the total expenses for the month of June 2019, given the following transactions.
1. Paid salaries of $60 000; $50 000 related to work carried out in May 2019 and $10 000 related to June 2019.
2. A phone bill for $1200 was received for the usage on June. This amount will be paid on 1 July 2019.
3. A $65 000 deposit was paid for a block of land.
4. Paid rent for the month of June of $6000 on 1 June 2019.
5. A commission expense of $8000 was paid in June. The commission related to April sales.
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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