he following transactions occurred during the month of July 2021. July 1 Paid employee salaries, $2,700 for June. Sharon pays her employees’ accrued salaries on the first day of each calendar month. July 1 Paid office rent for the month of July, $2,300. July 8 Received $7,200 cash from a client on account. July 9 Purchased office supplies on credit, $2,000 14 Paid $3,500 of the accounts payable. July 15 Invoiced customers for accounting services performed, $12,300. July 25 Sharon withdrew capital of $2,250 July 31 Paid $4,200 for a one-year insurance policy. a) Prepare the cash at bank ledger account as at 31 July 2021.
he following transactions occurred during the month of July 2021. July 1 Paid employee salaries, $2,700 for June. Sharon pays her employees’ accrued salaries on the first day of each calendar month. July 1 Paid office rent for the month of July, $2,300. July 8 Received $7,200 cash from a client on account. July 9 Purchased office supplies on credit, $2,000 14 Paid $3,500 of the accounts payable. July 15 Invoiced customers for accounting services performed, $12,300. July 25 Sharon withdrew capital of $2,250 July 31 Paid $4,200 for a one-year insurance policy. a) Prepare the cash at bank ledger account as at 31 July 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following transactions occurred during the month of July 2021.
July 1 Paid employee salaries, $2,700 for June. Sharon pays her employees’ accrued salaries on the first day of each calendar month.
July 1 Paid office rent for the month of July, $2,300.
July 8 Received $7,200 cash from a client on account.
July 9 Purchased office supplies on credit, $2,000 14 Paid $3,500 of the accounts payable.
July 15 Invoiced customers for accounting services performed, $12,300.
July 25 Sharon withdrew capital of $2,250
July 31 Paid $4,200 for a one-year insurance policy.
a) Prepare the cash at bank ledger account as at 31 July 2021.
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