Question: Part Iv ncrease and Decrease Transactions Esteem Fitness provides fitness services for its customers. During June 2016, Esteem Fitness had the following transactions Date Description
Part Iv ncrease and Decrease Transactions Esteem Fitness provides fitness services for its customers. During June 2016, Esteem Fitness had the following transactions Date Description Jun 1 Sold one-month memberships to customers for $4,500 on account. Jun 3 Received a telephone bill for $250 which will be paid next month. Jun 6 Paid an employee's salary of $1,200. Jun 10 Received $3,000 cash from customers paying in advance for upcoming one-year memberships Jun 15 Jun 20 Received a $10,000 loan from the bank. Jun 26P Purchased equipment worth $8,000 cash Complete the table to analyze each transaction. The first transaction has been completed for you. Account NameCategory Increase or Decrease Increase Increase Date Debit or Credit Jun 1 Accounts Receivable Service Revenue Asset Debit Credit Revenue Jun 3 Jun 6 Jun 10 un 15 Jun 20 Jun 26
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