The following transactions occurred in June 2021 for A. One Placement Agency of Fredericton: 2021 June 1

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The following transactions occurred in June 2021 for A. One Placement Agency of Fredericton:
2021
June 1 A. One invested $9,000 cash in the placement agency.
1 Bought equipment on account from Tinker Co., $1,500.
4 Earned placement fees of $1,400 but payment will not be received until July.
5 A. One withdrew $600 for his personal use.
7 Paid wages expense, $300.
9 Placed a client on a local TV show, receiving $4,000 cash.
15 Bought supplies on account from Cinder Co., $350.
28 Paid telephone bill for June, $220.
29 Advertising bill from Shawl Co. was received but not yet paid, $500.

The chart of accounts for A. One Placement Agency is as follows:


Required
a. The ledger is already set up for you based on the chart of accounts
b. Journalize (page 1) and post the June transactions
c. Prepare a trial balance as of June 30, 2021

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College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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