Exercise 3-12 Determining an Ending Account Balance Jessie’s Accounting Services was organized on…


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Exercise 3-12 Determining an Ending Account Balance Jessie’s Accounting Services was organized on… 1 answer below » Exercise 3-12 Determining an Ending Account Balance Jessie’s Accounting Services was organized on June 1. The company received a contribution of $1,000 from each of the two principal owners. During the month, Jessie’s Accounting Services provided services for cash of $1,400 and services on account for $450, received $250 from cus- tomers in payment of their accounts, purchased supplies on account for $600 and equipment on account for $1,350, received a utility bill for $250 that will not be paid until July, and paid the full amount due on the equipment. Use a T account to determine the View complete question » Exercise 3-12 Determining an Ending Account Balance Jessie’s Accounting Services was organized on June 1. The company received a contribution of $1,000 from each of the two principal owners. During the month, Jessie’s Accounting Services provided services for cash of $1,400 and services on account for $450, received $250 from cus- tomers in payment of their accounts, purchased supplies on account for $600 and equipment on account for $1,350, received a utility bill for $250 that will not be paid until July, and paid the full amount due on the equipment. Use a T account to determine the company’s Cash balance on June 30. View less » Jan 29 2016 12:14 PM

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