Chap 3 continued - Question 1: (20 points) Problem 3.7A:...

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Question 1: (20 points)
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Short Comprehensive Problem L.O. 3-5, 7-9 Sanlucas, Inc., provides home inspection services to its clients. The compan , is shown below: SANLUCAS, INC. Trial Balance June 1, 2007 Cash $ Accounts receivable Inspection supplies Accounts payable Notes payable Dividends Capital stock Retained earnings Inspection revenue Salaries expense Advertising expense Testing expense $ Sanlucas engaged in the following transactions in June: June 4 Borrowed cash from Community Bank by issuing a $1,500 note p June 9 Collected a $1,600 account receivable from Nina Lesher. June 10 Purchased $150 of inspection supplies on account. June 17 Billed home owners $1,650 for inspection services. The entire am June 25 Paid WLIR Radio $200 for ads to be aired on June 27. June 28 Recorded and paid $1,300 for testing expenses incurred in June June 30 Recorded and paid June salaries of $1,100. Instruction a:
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This note was uploaded on 10/08/2009 for the course ACC 12345 taught by Professor Nyden during the Spring '09 term at Missouri State University-Springfield.

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Chap 3 continued - Question 1: (20 points) Problem 3.7A:...

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