Transactions for the Oleg Thorn Company for the month of June are presented below. June 1 Oleg Thorn invests $4,700 cash in a small welding business of which he is the sole proprietor. 2 Purchases equipment on account for $3,700. 3 $720 cash is paid to landlord for June rent. 12 Sends a bill to K. Johnsen for $380 after completing welding work done on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journd entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit > >
Transactions for the Oleg Thorn Company for the month of June are presented below. June 1 Oleg Thorn invests $4,700 cash in a small welding business of which he is the sole proprietor. 2 Purchases equipment on account for $3,700. 3 $720 cash is paid to landlord for June rent. 12 Sends a bill to K. Johnsen for $380 after completing welding work done on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journd entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit > >
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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