PRINCIPLES OF FINANCIAL ACCOUNTING
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Jamie_sConsultingQuarterlyBusinessTransactions.docx
Quarterly Business Transactions
Quarter 2 (April 1–June 30)
|
Date |
Transaction |
|
April 4 |
Jamie’s parents gave $5,000. Jamie decided to invest it in the consulting business. |
|
April 15 |
Jamie purchased a computer for $1,000 on account. |
|
April 16 |
Jamie completed some work and was paid in cash $5,000. |
|
April 27 |
Jamie paid monthly rent of $2,000. |
|
May 1 |
Jamie paid the next two month’s rent as well. |
|
May 3 |
Jamie paid the telephone bill. |
|
May 12 |
Jamie paid the internet bill. |
|
May 17 |
Jamie interviewed a potential admin and discussed $15 per hour. |
|
May 19 |
Jamie completed work in the amount of $3,000 and was told to send a bill. |
|
May 31 |
Jamie withdrew $1,000 for personal expenses. |
|
June 2 |
Jamie went to a business seminar costing $500. |
|
June 3 |
Jamie purchased supplies for work in the amount of $600. |
|
June 14 |
Jamie completed work and was paid half in cash and told to send a bill for the other half. The total bill was $4,000. |
|
June 20 |
Jamie paid monthly health insurance of $450. |
|
June 22 |
Jamie paid the insurance on the business for one year, $1,200. |
|
June 25 |
Jamie reimbursed an employee for mileage in the amount of $50. |
|
June 26 |
Jamie has a side business selling organic cat food. Jamie paid for shipping of cat food out of the consulting business funds. |
|
June 29 |
Jamie replenished petty cash and discovered a discrepancy of $0.02. |
|
June 30 |
Jamie received a bill for a business seminar that she will attend in August. |
Quarterly Business Transactions
Q
uarter 2 (April 1
–
June 30)
Date
Transaction
April 4
Jamie’s parents gave $5,000. Jamie decided to invest it in the consulting business.
April
15
Jamie purchased a computer for $1,000 on account.
April 16
Jamie completed some work and was paid in cash $5,000.
April 27
Jamie paid monthly rent of $2,000.
May 1
Jamie paid the next two month
’
s rent as well.
May 3
Jamie paid the telephone bill.
May 12
Jamie paid the internet bill.
May 17
Jamie interviewed a potential admin and discussed $15 per hour.
May 19
Jamie completed work in the amount of $3,000 and was told to send a bill.
May 31
Jamie withdrew $1,000 for personal expenses.
June 2
Jamie went to a business seminar costing $500.
June 3
Jamie purchased supplies for work in the amount of $600.
June 14
Jamie completed work and was paid half in cash and told to send a bill for the other half.
The total bill was $4,000.
June 20
Jamie
paid monthly health insurance
of
$450.
June 22
Jamie paid the insurance on the business for one year, $1,200.
June 25
Jamie reimbursed an employee for mileage in the amount of $50.
June 26
Jamie has a side business selling organic cat food. Jamie paid
for shipping of cat food out of
the consulting business funds.
June 29
Jamie replenished petty cash and discovered
a discrepancy of $0.02.
June 30
Jamie received
a bill for a business seminar that she will attend in August.
Quarterly Business Transactions
Quarter 2 (April 1–June 30)
Date Transaction
April 4 Jamie’s parents gave $5,000. Jamie decided to invest it in the consulting business.
April 15 Jamie purchased a computer for $1,000 on account.
April 16 Jamie completed some work and was paid in cash $5,000.
April 27 Jamie paid monthly rent of $2,000.
May 1 Jamie paid the next two month’s rent as well.
May 3 Jamie paid the telephone bill.
May 12 Jamie paid the internet bill.
May 17 Jamie interviewed a potential admin and discussed $15 per hour.
May 19 Jamie completed work in the amount of $3,000 and was told to send a bill.
May 31 Jamie withdrew $1,000 for personal expenses.
June 2 Jamie went to a business seminar costing $500.
June 3 Jamie purchased supplies for work in the amount of $600.
June 14 Jamie completed work and was paid half in cash and told to send a bill for the other half.
The total bill was $4,000.
June 20 Jamie paid monthly health insurance of $450.
June 22 Jamie paid the insurance on the business for one year, $1,200.
June 25 Jamie reimbursed an employee for mileage in the amount of $50.
June 26 Jamie has a side business selling organic cat food. Jamie paid for shipping of cat food out of
the consulting business funds.
June 29 Jamie replenished petty cash and discovered a discrepancy of $0.02.
June 30 Jamie received a bill for a business seminar that she will attend in August.
