Question: P 3 - 2 A . On June 2 , 2 0 2 3 , Betty Rice opened Betty's Art Studio in Toronto. The P
PA On June Betty Rice opened Betty's Art Studio in Toronto. The PA On June Betty Rice opened Betty's Art Studio in Toronto. The
following transactions occurred in June:
June Betty Rice invested $ in the art studio.
Paid three months' rent in advance, $
Purchased $ worth of equipment from Astor Co on account.
Received $ cash for art training workshop for teachers.
Purchased $ worth of art supplies with cash.
Billed Lester Co $ for group art lessons for its employees.
Paid salaries of assistants, $
Betty withdrew $ from the business for her personal use.
Paid electrical expense, $
Paid telephone bill for June, $
Comprehensive problem: journalizing, posting, and preparing a
trial balance
following transactions occurred in June:
June Betty Rice invested $ in the art studio.
Paid three months' rent in advance, $
Purchased $ worth of equipment from Astor Co on account.
Received $ cash for art training workshop for teachers.
Purchased $ worth of art supplies with cash.
Billed Lester Co $ for group art lessons for its employees.
Paid salaries of assistants, $
Betty withdrew $ from the business for her personal use.
Paid electrical expense, $
Paid telephone bill for June, $
Comprehensive problem: journalizing, posting, and preparing a
trial balance
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