May 1 mike invested $15000 cash & a used truck worth $13500 in exchange for company stock
3 paid $4700 cash to purchase office equipment
7 purchased $860 of supplies on account
12 performed services for cash customer & received $850
15 paid salaries of $675 to office assistant
16 sold the company truck for $13500
18 signed a note payable for $31000 to purchase a new truck
21 performed $3200 of services on account for a hotel chain
27 paid $500 of the amount owed from the 5/7 supply purchase
30 received $2000 on account from credit customer
31 received utility bill for the month of may $480 (bill isn’t due until the 15th of June)
31 paid $1000 dividends to the shareholder, XXXXX XXXXXson
June
1 paid receptionist salary $675
2 paid cash to acquire land for a future office site $15,000
3 moved into a new location & paid 1st month’s rent $1800 for the business
4 performed service for a customer & received $1700 cash
5 received $500 on account
8 purchased $750 of supplies on account
11 billed customers for services performed $3800
13 sold an additional $10000 of stock
16 paid receptionist salary $675
17 received $1350 cash for services performed
18 received $1500 from customer on account
19 paid $325 to be listed in the yellow pages
21 paid $1000 on account
22 purchased office furniture on account $3300
24 paid misc expenses $275
26 billed customers for services provided $1000
28 received $300 from customer on account
30 paid utility bill $745
30 paid receptionist salary $675
30 paid $1800 of dividends
Need Help Writing an Essay?
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!July
1 Paid three months’ rent, $4,500.
4 Performed service for a customer and received cash, $2,100.
9 Received $3,600 from customers for services to be performed later.
12 Purchased $750 of supplies on account.
15 Billed customers for services performed, $2,800.
16 Paid receptionist’s salary, $675.
22 Received $3,100 on account.
25 Paid $2,800 on account.
28 Received $1,200 cash for services performed.
30 Paid $600 of dividends.
Prepare the Income Statement, Statement of Retained Earnings, and Balance Sheet for the three-month period May through July.
Get Quick Assignment Writing Help – No Plagiarism Guarantee!
onlineessayshub.com is one of the Online assignment writing service websites that provide university students with original and quality academic scholarship essays, personal statements, research proposals, essays, term papers, admission essays, annotated bibliographies, reports, research papers, projects, presentations, dissertation, theses, movie reviews, Book reviews, application papers, among others.