Question: Record these transactions in your books using a spreadsheet format: June 1 Invested cash in Norman Environmental Services and received common stock $55500 June 2
Record these transactions in your books using a spreadsheet format:
June 1 Invested cash in Norman Environmental Services and received common stock $55500 June 2 Borrowed from the First Bank of Baltimore and signed a promissory note $41500 June 3 Purchased Supplies with Cash $950 June 4 Purchased a computer from a local office supply store on account $1200 June 5 Provided tutorial services on account for 3 students $1900 June 5 Paid rent for the month $975 June 6 Placed and paid for an ad in a newspaper to run this month $230 June 7 Paid the office supply store fully for the computer purchased on June 4 June 8 Received $275 cash from tutorial services provided on account on June 5 June 15 Provided additional tutorial services to students for cash $370 June 30 Determined that $460 of supplies was remaining June 30 Declared and paid dividends in the amount of $490
| SHAMINA TUTORIAL SERVICES Summary of Transactions Month of March 2013 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | = | Liabilities | + | Stockholders' Equity | ||||||
| Date | Cash | Account Receivable | Supplies | Equipment | Account Payable | Notes Payable | Common Stock | Retained Earning | ||
| Beginning balance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
| 1-Jun | ||||||||||
| 2-Jun | ||||||||||
| 3-Jun | ||||||||||
| 4-Jun | ||||||||||
| 5-Jun | ||||||||||
| 5-Jun | ||||||||||
| 6-Jun | ||||||||||
| 7-Jun | ||||||||||
| 8-Jun | ||||||||||
| 15-Jun | ||||||||||
| 30-Jun | ||||||||||
| 30-Jun | ||||||||||
| Ending balance | ||||||||||
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
