In June, Matt Nepoose Investigative Agency of Thunder Bay had the following transactions: 2022 June 3 Matt

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In June, Matt Nepoose Investigative Agency of Thunder Bay had the following transactions:
2022
June
3 Matt Nepoose invested $16,500 in the new agency.
4 Bought office equipment for cash, $5,100.
7 Earned investigative fee, $3,200, but payment from client will not be received until later.
10 Matt paid his home cable and gas bill from the company bank account, $107.
11 Located missing spouse, received $975 cash for fees earned.
14 Paid cash for supplies, $270.
18 Paid wages expense, $1,100.
25 Received half of the fee earned on June 7.
27 Rent bill was received but not yet paid, $130.
28 Advertising bill was paid, $525.


The chart of accounts includes Cash, 111; Accounts Receivable, 112; Supplies, 131; Office Equipment, 141; Accounts Payable, 211; M. Nepoose, Capital, 311; M. Nepoose, Withdrawals, 321; Investigative Fees Earned, 411; Wages Expense, 511; Rent Expense, 521; Advertising Expense, 531.


Required
a. The ledger is already set up for you based on the chart of accounts.
b. Journalize (all page 1) and post transactions.
c. Prepare a trial balance for June 30, 2022.

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College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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