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nes Smith, a potential customer, with an esti hires Williams Plumbing. supplies purchased on account in May. The

nes Smith, a potential customer, with an esti hires Williams Plumbing. supplies purchased on account in May. The

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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journalize the transations of this record 

June 1 2 5 9 14 17 19 29 30 30 Paid $440 for rent for the month of June. Paid $140 for one month of insurance. Collected $1,004 for plumbing services provided. Provided James Smith, a potential customer, with an estimate of $4,000 for plumbing work that will be performed in July if the customer hires Williams Plumbing. Paid $540 for supplies purchased on account in May. The purchase in May had been correctly recorded. Billed Gary Johnson $1,136 for plumbing work performed. James Smith agreed to hire Williams Plumbing (see the June 9 transaction) and gave Williams Plumbing a down payment of $800. Purchased $1,260 of equipment on account. Paid an employee $680. Paid D. Williams, the company owner, $1,000.
Transcribed Image Text:June 1 2 5 9 14 17 19 29 30 30 Paid $440 for rent for the month of June. Paid $140 for one month of insurance. Collected $1,004 for plumbing services provided. Provided James Smith, a potential customer, with an estimate of $4,000 for plumbing work that will be performed in July if the customer hires Williams Plumbing. Paid $540 for supplies purchased on account in May. The purchase in May had been correctly recorded. Billed Gary Johnson $1,136 for plumbing work performed. James Smith agreed to hire Williams Plumbing (see the June 9 transaction) and gave Williams Plumbing a down payment of $800. Purchased $1,260 of equipment on account. Paid an employee $680. Paid D. Williams, the company owner, $1,000.
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