2. 3 - 1 on your own, p. 64\nquestion assets\ntransactions coa\njune transactions\njun. 2 received cash from…

2. 3 - 1 on your own, p. 64\nquestion assets\ntransactions coa\njune transactions\njun. 2 received cash from owner as an investment, $3,200.00. r1.\n3 paid cash for supplies, $600.00. c1.\nmichelle sullivan owns sullivans service center. using the information provided, journalize each transaction completed during june of the current year. use page 1 of the journal. source documents are abbreviated as follows: check, c; receipt, r.\njournal\ndate account title doc. no. post. ref general debit credit sales credit cash debit credit

2. 3 - 1 on your own, p. 64\nquestion assets\ntransactions coa\njune transactions\njun. 2 received cash from owner as an investment, $3,200.00. r1.\n3 paid cash for supplies, $600.00. c1.\nmichelle sullivan owns sullivans service center. using the information provided, journalize each transaction completed during june of the current year. use page 1 of the journal. source documents are abbreviated as follows: check, c; receipt, r.\njournal\ndate account title doc. no. post. ref general debit credit sales credit cash debit credit

Answer

Explanation:

Step1: Record investment transaction

Debit Cash $3200$, Credit Owner's Equity $3200$. In journal - Date: Jun. 2, Account Title: Cash (Debit), Owner's Equity (Credit), Doc. No.: R1, General Debit: $3200$, General Credit: $3200$.

Step2: Record supply - purchase transaction

Debit Supplies $600$, Credit Cash $600$. In journal - Date: Jun. 3, Account Title: Supplies (Debit), Cash (Credit), Doc. No.: C1, General Debit: $600$, General Credit: $600$, Cash Debit: $0$, Cash Credit: $600$.

Answer:

DATE ACCOUNT TITLE DOC. NO. POST. REF GENERAL DEBIT GENERAL CREDIT SALES CREDIT CASH DEBIT CASH CREDIT
Jun. 2 Cash R1 $3200$ $3200$
Jun. 2 Owner's Equity R1 $3200$
Jun. 3 Supplies C1 $600$ $600$
Jun. 3 Cash C1 $600$ $600$