1)Journalize the above transactions. 2)Journalize the adjusting entries.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1)Journalize the above transactions. 2)Journalize the adjusting entries.
Heins invested 55000 cash, was deposited it in the
bank.(A.N.Z. Bank).
June 1
Paid $6000 for one year insurance policy to
Aleco.(Chick # 1)
June 1
June 2
Hired a secretary-receptionist at salary of $1000 per
month.
Purchase $6300 of furniture on account from Ready
Supply Company.
June 3
June 7
Paid office rent of $900 for the month to Maher Co.
(Check #2).
June 11
Completed a tax assignment and bill clients $ 1000 for
service rendered to Faisal Co.(source REV.)
June 12
Received $ 3500 in advance in a management
consulting engagement from AL-Marah Co. this
Service will earned after three months.
Received cash of $1200 for service completed for H.
Arnold Co.
June 17
Paid secretary-receptionist $3000 salary for June and
next two months.(Chick #3)
June 30
June 30
Paid
40%
of
balance
due
Ready
Supply
Company.(check # 5)
June 30
Depreciation Expense on furniture $50 for Jon.(Dep.)
Paid $ 300 for utility expenses for the month. .(Chick
#34)
June 30
Transcribed Image Text:Heins invested 55000 cash, was deposited it in the bank.(A.N.Z. Bank). June 1 Paid $6000 for one year insurance policy to Aleco.(Chick # 1) June 1 June 2 Hired a secretary-receptionist at salary of $1000 per month. Purchase $6300 of furniture on account from Ready Supply Company. June 3 June 7 Paid office rent of $900 for the month to Maher Co. (Check #2). June 11 Completed a tax assignment and bill clients $ 1000 for service rendered to Faisal Co.(source REV.) June 12 Received $ 3500 in advance in a management consulting engagement from AL-Marah Co. this Service will earned after three months. Received cash of $1200 for service completed for H. Arnold Co. June 17 Paid secretary-receptionist $3000 salary for June and next two months.(Chick #3) June 30 June 30 Paid 40% of balance due Ready Supply Company.(check # 5) June 30 Depreciation Expense on furniture $50 for Jon.(Dep.) Paid $ 300 for utility expenses for the month. .(Chick #34) June 30
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