10 Nov Using the information provided in E4- 5, post Dove
Using the information provided in E4- 5, post Dover Direct Insurance Agency’s journal entries to the general ledger for all relevant accounts for the month ended June 30, 2015. You do not need to provide explanations. In E4- 5 The Dover Direct Insurance Agency began operations on June 1, 2015. In the month of June, the following transactions occurred: June 2: Dover Direct’s owner invested $ 80,000 (the par value of the stock) cash and acquired 4,000 shares of common stock. June 8: Dover Direct purchased $ 8,000 of office supplies with cash. June 15: Dover Direct paid employees $ 8,000 in cash for the biweekly payroll. June 20: Dover Direct acquired new office furniture for $ 25,000. The Company paid $ 10,000 in cash and financed the remainder by issuing a $ 15,000 note payable to the vendor. June 22: Dover Direct collected $ 120,000 in sales revenue for the month, all of which was paid in cash. Assets 100 Cash 101 Accounts Receivable 102 Office Supplies 121 Furniture Liabilities 200 Accounts Payable 210 Notes Payable Stockholders’ Equity 300 Common Stock Revenues 400 Sales Revenue Expenses 501 Wage Expense
Order an Excellent Paper with Bonpapers.com Writing Service
Bonpaper is a Custom Research Paper Writing service based in USA that is Available 24/7 to cater your needs. We have huge experience of writing essays about every possible topic. We have access to the online libraries, peer-journals, and news sites which makes it possible to gather enough data about the topic.
We provide the plagiarism-free and grammatically perfect essay writing service to our clients. We have written hundreds of essays so far and our clients have gained excellent results as well.
Need Assignment Help?