ch 3 exercise - Received a cash payment of $750 for...

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P3-2B       
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Richard Mordica started his own delivery service, Speedy Service Inc., on June 1, 2010. The following transactions occurred during the month of  June.  Stockholders invested $15,000 cash in the business in exchange for common stock. Purchased a used van for deliveries for $15,000. Richard paid $2,000 cash and signed a note payable for the  remaining balance. Paid $500 for office rent for the month. Performed $2,400 of services on account. Paid $300 in cash dividends. Purchased supplies for $150 on account.
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Unformatted text preview: Received a cash payment of $750 for services provided on June 5. no longer service revenue Purchased gasoline for $200 on account. Received a cash payment of $1,500 for services provided. Made a cash payment of $800 on the note payable. Paid $250 for utilities. Paid for the supplies purchased on account on June 12. no longer supplies Paid $750 for employee salaries. Date Account tittles June 1 Cash Common stock 2 Van Note payable Cash 3 Rent expense Cash 5 Account receivable...
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ch 3 exercise - Received a cash payment of $750 for...

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