23 Dec Jim Andrews opened a delivery business in March. H
Jim Andrews opened a delivery business in March. He rented a small office and has a part-time assistant. His trial balance shows accounts for the first three months of business. Andrews’ transactions for the month of June are as follows: June 1 Paid rent, $300. 2 Performed delivery services for $300: $100 in cash and $200 on account. 4 Paid for newspaper advertising, $15. 6 Purchased office supplies on account, $180. 7 Received cash for delivery services rendered, $260. 9 Paid cash on account (truck payment), $200. 10 Purchased a copier (office equipment) for $700: paid $100 in cash and put $600 on account. 11 Made a contribution to the Red Cross (charitable contributions), $20. 12 Received cash for delivery services rendered, $380. 13 Received cash on account for services previously rendered, $100. 15 Paid a part-time worker, $200. 16 Paid electric bill, $36. 18 Paid telephone bill, $46. 19 Received cash on account for services previously rendered, $100. June 20 Andrews withdrew cash for personal use, $200. 21 Paid for gas and oil, $32. 22 Made payment on account (for office supplies), $40. 24 Received cash for services rendered, $340. 26 Paid for a magazine subscription (miscellaneous expense), $15. 27 Received cash for services rendered, $180. 27 Received cash on account for services previously rendered, $100. 29 Paid for gasoline, $24. 30 Paid a part-time worker, $200. REQUIRED 1. Set up general ledger accounts by entering the balances as of
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