transactions coa june transactions jun. 5 paid cash for insurance, $300.00. c2. 9 bought supplies on account…

transactions coa june transactions jun. 5 paid cash for insurance, $300.00. c2. 9 bought supplies on account from bayside supplies, $700.00. m1. 10 paid cash on account to bayside supplies, $400.00. c3. michelle sullivan owns sullivans service center, which uses the following accounts. journalize the transactions continuing on the next blank line of page 1 of the journal. source documents are abbreviated as follows: check, c; memorandum, m. page 1 journal date account title doc. no. post. ref. general debit credit sales credit debit cash credit 1 jun.2 michelle sullivan, capital r1 3,200.00 3,200.00 2 3 supplies c1 600.00 600.00

transactions coa june transactions jun. 5 paid cash for insurance, $300.00. c2. 9 bought supplies on account from bayside supplies, $700.00. m1. 10 paid cash on account to bayside supplies, $400.00. c3. michelle sullivan owns sullivans service center, which uses the following accounts. journalize the transactions continuing on the next blank line of page 1 of the journal. source documents are abbreviated as follows: check, c; memorandum, m. page 1 journal date account title doc. no. post. ref. general debit credit sales credit debit cash credit 1 jun.2 michelle sullivan, capital r1 3,200.00 3,200.00 2 3 supplies c1 600.00 600.00

Answer

Explanation:

Step1: Record June 5 transaction

When paying cash for insurance, the Insurance Expense account is debited and the Cash account is credited.

Date Account Title Doc. No. Post. Ref. General Debit General Credit Sales Credit Cash Debit Cash Credit
Jun. 5 Insurance Expense C2 300.00 300.00

Step2: Record June 9 transaction

When buying supplies on account, the Supplies account is debited and the Accounts Payable - Bayside Supplies account is credited.

Date Account Title Doc. No. Post. Ref. General Debit General Credit Sales Credit Cash Debit Cash Credit
Jun. 9 Supplies M1 700.00
Accounts Payable - Bayside Supplies 700.00

Step3: Record June 10 transaction

When paying cash on account to Bayside Supplies, the Accounts Payable - Bayside Supplies account is debited and the Cash account is credited.

Date Account Title Doc. No. Post. Ref. General Debit General Credit Sales Credit Cash Debit Cash Credit
Jun. 10 Accounts Payable - Bayside Supplies C3 400.00 400.00

Answer:

Date Account Title Doc. No. Post. Ref. General Debit General Credit Sales Credit Cash Debit Cash Credit
Jun. 5 Insurance Expense C2 300.00 300.00
Jun. 9 Supplies M1 700.00
Accounts Payable - Bayside Supplies 700.00
Jun. 10 Accounts Payable - Bayside Supplies C3 400.00 400.00