H&R Clock Company the Following Transactions Were Incurred During July
Question 163
Question 163
Essay
H&R Clock Company The following transactions were incurred during July 2014: July 1 July 5 July 12 July 13 July 20 July 22 July 30 July 31 Raised $ 30,000 by issuing a note to the bank for $ 15,000 and issuing $ 15,000 of common stock Purchased $ 5,100 of office supplies on credit; payment is due in 30 days. Performed $ 18,000 of services for customers on credit; collection is due in 30 days. Performed services for customers and collected $ 8,800 . Paid for the supplies purchased on July 5. Collected $ 15,000 of the amounts due from customers. Received and paid the utility bill for the month of July, $ 640 . Paid employee salaries of $ 3,800 . -Refer to H&R Clock Company.Prepare a trial balance in proper format.Assume that the company had no additional accounts or balances other than those created from the July transactions.
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