Final Sheet

Assignment

MBA 501 (ACT)

Submitted To

Dr. Mizanur Rahman

East West University

Submitted By

Md. Alimul Rajhi Chowdhury

ID: 2012-3-95-015

Section: 02

Date: 16.02.2012

Mike Marro started his own delivery service. Marro Deliveries Inc. on June 01. 2002. The following transactions occurred during the month of June.

General Journal

(Mike Marro for the month of June, 2002)

Date | Account Titles and Explanation | Ref. | Debit | Credit |

2002June 1 | Cash Mike Marro(Owner’s investment of cash in business) | | $25,000 | $ 25,000 |

2 | Delivery Van Cash Note Payable(Purchased Delivery Van for cash and note payable) | | $ 13,000 | $ 2,000$ 11,000 |

3 | Rent Expense Cash(Paid office of June) | | $ 900 | $ 900 |

5 | Account Receivable Service Revenue(Render service due on June) | | $ 3,000 | $ 3,000 |

9 | Dividend Cash(Paid cash dividend) | | $ 200 | $200 |

12 | Supplies Account Payable(Purchased supplies on account) | | $ 400 | $ 400 |

15 | Cash Account Receivable(Cash received for service provided on June 5) | | $ 750 | $ 750 |

17 | Gasoline Account Payable(Purchased supplies on account) | | $ 300 | $ 300 |

20 | Cash Service Revenue(Cash received for service provided ) | | $ 1900 | $ 1900 |

23 | Note Payable Cash(Cash payment for note payable) | | $ 500 | $ 500 |

26 | Utilities Cash(Paid for utilities) | | $ 450 | $ 450 |

29 | Account Payable Cash(Paid for gasoline purchased on June 17) | | $ 300 | $ 300 |

30 | Employee Salaries Cash(Paid for employee salaries) | | $ 600 | $ 600 |

___________

Question:

Mike Marro started his own delivery service. Marro Deliveries Inc. on June 01. 2002. The following transactions occurred during the month of June.

June 1 Stockholders invested 25000 cash in business

2 Purchased a used van for deliveries for $ 13000. Marrow paid 2000 cash and

signed notes payable.

3 paid 900...