Exercise 3.3 - E3-3 1. June 3 Cash Accumulated...

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Unformatted text preview: E3-3 1. June 3 Cash Accumulated Depreciation: Office Equipment Gain on Sale of Office Equipment Office Equipment Sold office equipment at a gain. 7 Accounts Receivable Sales Revenue Made credit sales. Cost of Goods Sold Inventory To record cost of sales. Inventory Cash Purchased inventory for cash. 700 1,500 200 2,000 2,000 2,000 1,200 1,200 1,000 1,000 7 10 E3-3 (continued) 1. (continued) June 15 Office Equipment Cash Notes Payable Purchased new office equipment, paying $1,500 and signing a 90-day note for the difference. 16 Cash Accounts Receivable Collected June 7 accounts receivable. Cash Sales Revenue Made cash sales. Cost of Goods Sold Inventory To record cost of sales. Inventory Accounts Payable Purchased merchandise on credit. Accounts Payable Inventory Returned defective merchandise for credit. Accounts Payable Cash Paid for June 20 purchases less return. Utility Expense Cash Paid the monthly utility bill. 4,000 1,500 2,500 2,000 2,000 17 4,200 4,200 2,300 2,300 2,600 2,600 200 200 17 20 24 29 2,400 2,400 30 210 210 E3-3 (continued) 2. 6/01 Bal 6/03 6/16 6/17 6/30 Bal 6/01 Bal 6/10 6/20 6/30 Bal Cash 12,523 700 2,000 4,200 14,313 6/10 6/15 6/29 6/30 General Ledger 1,000 1,500 2,400 210 6/01 Bal 6/07 6/30 Bal Accounts Receivable 23,052 6/16 2,000 23,052 2,000 Inventory 16,300 6/07 1,000 6/17 2,600 6/24 16,200 Office Equipment 35,860 6/03 4,000 37,860 Notes Payable 6/01 Bal 6/15 6/30 Bal Sales Revenue 6/01 Bal 6/07 6/17 6/30 Bal 1,200 2,300 200 Accumulated Depreciation 1,500 6/01 Bal 6/30 Bal Accounts Payable 200 6/01 Bal 2,400 6/20 6/30 Bal 6/01 Bal 6/15 6/30 Bal 2,000 6/03 10,540 9,040 3,400 2,500 5,900 47,872 2,000 4,200 54,072 6/24 6/29 3,500 2,600 3,500 400 200 600 Gain on Sale of Office Equipment 6/01 Bal 6/03 6/30 Bal Cost of Goods Sold 22,354 1,200 2,300 25,854 Utility Expense 1,124 210 1,334 6/01 Bal 6/07 6/17 6/30 Bal 6/01 Bal 6/30 6/30 Bal ...
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Exercise 3.3 - E3-3 1. June 3 Cash Accumulated...

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