P 1–6

Jun.

1

Issued share capital for $8,000 cash

1

Purchased $5,000 equipment on credit

2

Collected $600 cash for renovations completed today

3

Paid $20 for supplies used June 2

4

Purchased $1,000 supplies on credit (record supplies as an asset)

5

Billed customers $2,500 for renovations completed to date

8

Collected $500 of the amount billed June 5

10

Paid half of the amount owing for equipment purchased June 1

15

Sold excess equipment for a promise from the buyer to pay $1,000 in the future. The same amount is the same as the original cost of this equipment. Record as a loan payable.

18

Paid for the supplies purchased June 4

20

Received a bill for $100 for electrically used to date (record as utilities expense)

22

Paid $600 to the landlord for June and July rent (record as prepaid expense)

23

Signed a union contract

25

Collected $1,000 of the amount billed June 5

27

Paid the following expenses: advertizing, $150; telephone, $50; truck operating expense (repairs, gas), $1,000; wages, $2,500

30

Billed $2,000 for repairs completed to date

30

Transferred the amount for June rent to rent expense

30

Counted $150 of supplies still on hand (recorded the amount used as an expense)

30

Paid $30 dividend in cash.