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Prepare a Trial Balance for Salty Inc

Question 166

Essay

Prepare a trial balance for Salty Inc.dated June 30,2017,based on the following transactions that occurred during the month of June.
a.Owner invested $25,000 cash into the business and received common shares in return.
b.Rented an office and paid one month's rent,$900.
c.Purchased $400 of supplies on account.
d.Performed services on account,$5,500.
e.Paid $2,000 cash for office furniture.
f.Owner received a dividend of $700.
g.Collected $1,200 on account.

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