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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!