The Accounts with Their Respective Balances for Dom's Delivery Service

Essay

The accounts with their respective balances for Dom's Delivery Service as of June 1 are given below. All accounts have normal balances. $$\begin{array} { l r l r } \text { Cash } & \$ 23,350 & & \\\text { Accounts Receivable } & 14,600 & \text { Dominic Goggin, Capital } & 64,300 \\\text { Supplies } & 450 & \text { Dominic Goggin, Drawing } & - 0 - \\& & \text { Delivery Fees Income } & - 0 - \\\text { Office Equipment } & 12,800 & \text { Rent Expense } & - 0 - \\\text { Delivery Equipment } & 20,000 & \text { Salaries Expense } & - 0 - \\\text { Accounts Payable } & 6,900 & \text { Utilities Expense } & - 0 - \\& & \text { Advertising Expense } & - 0 -\end{array}$$ Dom's had the following transactions during the month of June.
a. Paid rent for June, $1,000
b. Dominic Goggin withdrew $4,500 from the business for personal use
c. Performed services for $4,000 in cash
d. Performed services for $22,750 on credit
e. Received $12,000 from credit customers on account
f. Paid the administrative assistant salary of $2,000 and delivery service messenger/driver salary of $3,000 for the month by check
g. Paid the electric and phone bills by check for a total of $600
h. Paid creditors $6,000 on account
i. Purchased $7,500 in supplies on account.
j. Paid $1,800 cash for advertising in the local newspaper in June
-Using the information above, set up T accounts and enter transactions a-j. Foot each account as of June 30, 2013. Prepare a Trial Balance.