1. Chamo started a delivery service as chamo plc, on june 1,2021. the following transactions occured during the month of june.
1. Chamo deposit 10,000 cash in the name of chamo plc.
2. purchased a used van for deliveries for 14,000 paid 2,000 cash and signed a not payable for the remaining balance.
3. performed services worth 4,800 on account .
9. withdraw 300 in cash for personal use.
12.purchased supplies for 150 on account .
15 Received a cash payement of 1,250 for services performed on june 5.
20. Received a cash payment of 1,500 for services performed .
26. paid 250 for utilities .
29.paid 1,000 for employee salaries .
June 1:
Cash (Assets) $10,000
Owner's Equity (Capital) $10,000
June 2:
Van (Assets) $14,000
Notes Payable (Liabilities) $12,000
Cash (Assets) $2,000
June 3:
Accounts Receivable (Assets) $4,800
Services Revenue (Income) $4,800
June 9:
Owner's Equity (Capital) $300
Cash (Assets) $300
June 12:
Supplies (Assets) $150
Accounts Payable (Liabilities) $150
June 15:
Cash (Assets) $1,250
Accounts Receivable (Assets) $1,250
June 20:
Cash (Assets) $1,500
Accounts Receivable (Assets) $1,500
June 26:
Utilities Expense (Expenses) $250
Accounts Payable (Liabilities) $250
June 29:
Salaries Expense (Expenses) $1,000
Cash (Assets) $1,000