The accounts with their respective balances for Dom's Delivery Service as of June 1 are given below. All accounts have normal balances.
Dom's had the following transactions during the month of June.
a. Paid rent for June, $1,200
b. Dominic Goggin withdrew $5,800 from the business for personal use
c. Performed services for $5,350 in cash
d. Performed services for $21,800 on credit
e. Received $12,400 from credit customers on account
f. Paid the administrative assistant salary of $2,000 and delivery service messenger/driver salary of $3,000 for the month
g. Paid the electric and phone bills for a total of $580
h. Paid creditors $6,000 on account
i. Purchased $3,500 in supplies on account.
j. Paid $2,500 cash for advertising in the local newspaper in June
-Using the information shown, create a Chart of Accounts with appropriate account numbers for the accounts given for Dom's Delivery Service.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q104: The balances for the accounts listed
Q105: The accounts and balances for Paw Prints
Q106: The T account balances for the accounts
Q107: Required: Using the chart of accounts
Q108: Conway Copy Shop is owned and operated
Q110: Conway Copy Shop is owned and operated
Q111: Conway Copy Shop is owned and operated
Q112: Conway Copy Shop is owned and operated
Q113: The following information should be used for
Q114: The accounts and balances for Paw Prints
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents