Answer Happy

Required information [The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $30,000 and receive cash. b. Purchase office supplies on account for $20,000. c. Pay $7,000 in salaries to employees for work performed during the month. 3. Post the transactions to T-accounts. Assume the opening balance in each of the accounts is zero. Cash Service Revenue Debit Credit Debit Beginning Balance Beginning Balance Ending Balance 0 Ending Balance Supplies Accounts Payable Credit Beginning Balance Beginning Balance Ending Balance 0 Ending Balance Salaries Expense Credit Beginning Balance Ending Balance 0 Debit Debit Debit Credit 0 Credit 0