03 Jan Determining an Ending Account BalanceJessie’s Acco
Determining an Ending Account BalanceJessie’s Accounting Services was organized on June 1, 2008. The company received a contributionof $1,000 from each of the two principal owners. During the month, Jessie’s Accounting Servicesprovided services for cash of $1,400 and services on account for $450, received $250 from customersin payment of their accounts, purchased supplies on account for $600 and equipment on accountfor $1,350, received a utility bill for $250 that will not be paid until July, and paid the full amountdue on the equipment. Use a T account to determine the company’s Cash balance on June 30, 2008.
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