Question

Amanda Bradford practices law under the business the Amanda Bradford. Attorney at Law Inc. During Jure, her law practice orgapec in the following transactions: Click the icon to view the transactions.) Bradlords business uses the following accounts: (Click the icon to view the accounts.) Requirement 1. Joumaize cach transaction. Na explanations are necessary. Fiecard debits first, then credits. Exclude explanation from any journal entries.) Jun 1: God $95.000 of common stock to Ersatard to start the business. More Info Journal Entry Accounts Date Debit Credit Jun 1 Jun 3: Pad 5200 for the purchase of the supples. Jun 1 Sold 595.000 alcanon stock teed to wait the business 3 Paid $200 for the follossplex & Paid $38.000 hours and analisi 12 Purcelles quipment on sunt, 59,500 17 Bened $10 000 from the bank record innan ble other the name of the RSA 28 Paid $2,500 sunt 30 Rama: during the mindude: $11.CC Cash and $25.00 on sunt 30 Paid employees are $2.700;ollics $1,800 and utilik $95 30 Paid $8,000 of dividence to exhalder, Bradford Date Journal Entry Accounts Debit Credit Jun Print Dore Jun 3: Pad $38.COD cash to purchase land for an office site Journal Entry Date Accounts More info Debit Credit Jun 1 1 Cach, Accounts receivable, Suplica, Land, Ofis equipment, Accounts payable Notes payable, Common stock, Dividends, Service revenue, Salaries expense, Rent expense, and the expense. Print Jun 12 Purchased office equipment on account, $3.500 Journal Entry Date Accounts Jun Debit Credit

Answer 1

Solution:
	Journal Entries
	Date	Accounts	Debit	Credit
	June.01	Cash	$                    95,000
		Common Stocck		$                      95,000
	June . 03	Office Supplies	$                          200
		Cash		$                            200
	June . 08	Land	$                    38,000
		Cash		$                      38,000
	June . 12	Office Equipment	$                    32,000
		Account Payable		$                      32,000
	June . 17	Cash	$                    10,000
		Note Payable		$                      10,000
	June . 26	Account Payale	$                       2,500
		Cash		$                        2,500
	June . 30	Cash	$                    11,000
		Account Receivable	$                    25,000
		Sales Revenue		$                      36,000
	June . 30	Salaries Expenses	$                       2,700
		Office Rent	$                       1,800
		Utilities	$                          365
		Cash		$                        4,865
	June . 30	Retained Earnings	$                       9,000
		Cash		$                        9,000