2 Required information (The following information applies to the questions displayed below.) The following transactions
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2 Required information (The following information applies to the questions displayed below.) The following transactions
questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a Provide services to customers for $24,000 and receive cash. b. Purchase office supplies on account for $14,000 c. Pay $5,800 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 Service Revenue Cash Credit Credit Debil Beginning Balance Debit Beginning Balance 0 Ending Balance Ending Balance Accounts Payable Supplies Credit Credit Delt Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Sataries Expense Credit Det Beginning Balance Ending Balance
2 Required information (The following information applies to the