Answer Happy

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. Answer is not complete. Cash Service Revenue Debit Credit Debit Beginning Balance Beginning Balance Ending Balance Ending Balance Accounts Payable Beginning Balance Beginning Balance Ending Balance Ending Balance Beginning Balance Ending Balance Debit Debit 30,000 23,000 Supplies 20,000 20,000 Salaries Expense 7,000 7,000 7,000 Credit Credit Debit Credit 30,000 30,000 Credit 20,000 20,000