Pridham Welding Company had the following transactions for June.

June 1 Tyler Pridham invested $9,500 cash in a small welding business.

2 Bought used welding equipment on account for $3,000.

5 Hired an employee to start work on July 15. Agreed on a salary of $3,600 per month.

17 Billed R. Windl $1,975 for welding work done.

27 Received $1,000 cash from R. Windl for work billed on June 17.

29 Paid for equipment purchased on June 2.

30 Paid employee $1,800 for one-half of a month's work.

For each transaction, prepare a basic analysis, a debit/credit analysis, and journalize the transaction. Use the following format, in which the fi rst one has been done for you as an example:

June 1 transaction:

Transcribed Image Text:

Basic Analysis e asset account Cash is increased by $9,500. The owner's equity account T. Pridham, Debit/Credit Analysis Journal Entry Capital is increased by s9,500. Debits increase assets: debit Cash $9,500. Credits increase owner's equity: credit T. Pridham, Capital $9,500. June 1 Cash 9,500 T. Pridham, Capital 9,500 Invested cash in business.