Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Date Account and Explanation Debit Credit Jun 1 Cash 105,000 Jun 1 Capital 105,000 (capital contribution) Jun 1 Computer Equipment 56,000 Jun 1 Cash 56,000

Date Account and Explanation Debit Credit
Jun 1 Cash 105,000
Jun 1 Capital 105,000
(capital contribution)
Jun 1 Computer Equipment 56,000
Jun 1 Cash 56,000
Jun 1 Cash 198,000
Jun 1 Bank Loan Payable 198,000
Jun 1 Prepaid Insurance 7,200
Jun 1 Cash 7,200
Jun 3 Cash 3,200
Jun 3 Revenues 3,200
Jun 5 Telephone Expense 200
Jun 5 Cash 200
Jun 7 Office Supplies 2,800
Jun 7 Accounts Payable 2,800
Jun 8 Accounts Receivable 7,000
Jun 8 Revenues 7,000
Jun 11 Cash 6,700
Jun 11 Unearned Revenue 6,700
Jun 17 Wages Expense 6,900
Jun 17 Cash 6,900
Jun 19 Cash 2,100
Jun 19 Accounts Receivable 2,100
Jun 21 Withdrawals 2,000
Jun 21 Cash 2,000
Jun 25 Accounts Payable 1,680
Jun 25 Cash 1,680
Jun 25 Accounts Receivable 6,700
Jun 25 Revenues 6,700
Jun 27 Cash 2,500
Jun 27 Revenues 2,500

required:

Account: Accounts Receivable

Date Description Ref. Debit Credit Balance
Jun GJ DRCR
Jun GJ DRCR
Jun GJ DRCR
Jun GJ DRCR
Jun GJ DRCR
Jun 30 Unadjusted Balance DRCR

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

5th Edition

0130906999, 978-0130906991

More Books

Students also viewed these Accounting questions