Business, 21.02.2020 03:49 jasonoliva13
(a) Jessica contributed $50,000 cash to the company on June 1 in exchange for its common stock.(b) Purchased inflatable rides and inflation equipment on June 2, paying $20,000 cash.(c) Received $5,000 cash from casual hourly rentals at the mall on June 3.(d) Rented rides and equipment to customers for $10,000.(e) Received cash of $2,000 on June 4 and the rest is due from customers.(f) Received $2,500 from a large corporate customer on June 5 as a deposit on a party booking for July 4.(g) Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account for $600.(h) On June 7, paid $6,000 in cash for renting the mall space this month.(i) On June 8, prepaid next month’s mall space rental charge of $6,000.(j) Received $1,000 on June 9 from customers on accounts receivable.(k) Paid $1,000 for running a television ad on June 10.(l) Paid $4,000 in wages to employees on June 30 for work done during the month. Record the above transaction.
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(a) Jessica contributed $50,000 cash to the company on June 1 in exchange for its common stock.(b) P...
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