une | 1 | K. Daniels invested $12,000 cash to begin the business in exchange for common stock. |
2 | Paid $950 cash for June rent. | |
3 | Purchased $6,400 of office equipment on credit. | |
6 | Purchased $3,800 of art materials and other supplies; the company paid $1,800 cash with the remainder due within 30 days. | |
11 | Billed clients $4,700 for services rendered. | |
17 | Collected $3,250 cash from clients on their accounts billed on June 11. | |
19 | Paid $5,000 cash toward the account for office equipment (see June 3). | |
25 | Paid $900 cash for dividends. | |
30 | Paid $350 cash for June utilities. | |
30 | Paid $2,500 cash for June wages. |
Transaction. Cash Assets+ Non Cash Assets= Liabilities+ Contributed capital+earned capital
June | |||||
Revenue minus expenses = net income