unit 5 accounting data - 12. Paid office depot co. for part...

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For the past several years, Emily Page has operated a part time consulting business from her home. As of June 1, 2010, Emily decided to move to rented quarters and to operate the business, which was to be known as Bottom Line Consulting, on a full time basis. Bottom Line Consulting entered into the following transactions during June; June 1. The following assets were received from Emily Page; cash, $20,000; accounts receivable, $4,500; supplies, $2,000; and office equipment, $11,500. There were no liabilities received. 1. Paid three months rent on a lease rental contract, $6,000. 2 Paid the premiums on property and casualty insurance policies, $2,400 4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $2,700 5. Purchased additional office equipment on account from office depot co, $3,500 6. Received cash from clients on account $3,000 10. Paid cash for a newspaper advertisement, $200
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Unformatted text preview: 12. Paid office depot co. for part of the debt incurred on June 5, $750. 12. Recorded services provided on account for the period June 1-12, $5,100 14. Paid part time receptionist for two weeks salary, $1,100 17. Recorded cash from cash clients for fees earned during the period June 1-16, $6,500 18. Paid cash for supplies, $750 20. Recorded services provided on account for the period June 13-20, $3,100. 24. Recorded cash from cash clients for fees earned for the period June 17-24, $5,150. 26. Received cash from clients on account, $6,900. 27. Paid part time receptionist for two weeks salary, $1,100. 29. Paid telephone bill for june $150 30. Paid electricity bill for june, $400 30. recorded cash from cash clients for fees earned for the period June 25-30, $2,500. 30. Recorded services provided on account for the remainder of June $1,000. 30. Emily withdrew $5,000 for personal use....
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