PB3-3 (page 145) a Jessica contributed $50,000 cash to the company on June 1 in exchange for its com
PB3-3 (page 145) a Jessica contributed $50,000 cash to the company on June 1 in exchange for its common stock. b. Purchased inflatable rides and inflation equipment on June 2. paying $20.000 cash. C. Received $5,000 cash from casual hourly rentals at the mall on June 3 d. Rented rides and equipment to customers for $10,000. Received $2.000 on June 4 and the rest is due from customers. e Received $2,500 from a large corporate customer on June 5 as a deposit on a party booking for July 4. f. Began to prepare for the July 4 party by purchasing various party supplies on June 6 on account for $600. g. On June 7 paid $6,000 in cash for renting the mall space this month h. On June 8, prepaid next month's mall space rental charge of $6,000. i Received $1,000 on June 9 from customers on accounts receivable. j Paid $1,000 for running a television ad on June 10 k. Paid $4,000 in wages to to employees on June 30 for work done during the month Cash (A) O Accounts Receivable (A) Beg Bel o Supplies CA Beg.Bal. $50.000 legfal to Prepaid Reat (A) BegaBul. o sang bata pui ptent (A) Accounts Payable To be Revenue (k Referred Revenue (4) To Beg.Bal. Common Stock (3E) 10 Beqbal. Rent Expense (E) Beg.Bal. 0 Salaries Wages Excerse (E) Beg.Bal o Adve Aising – Expenses Begful of