Dean Winchester opened Ghost Cleaners on June 1, 2021. He is the sole owner of the corporation. During June, the following transactions were completed by Dean. 1-Jun Invested $65,000 in exchange for common stock in Ghost Cleaners, Inc. 1-Jun Purchased a used van for $12,000, paying $3,000 cash and the taking out a note payable for the rest. He plans to pay off the remaining balance on the van by June 1, 2022. The note has a 10% APR with interest being payable at the end of every month. No principle payments are due until August 1, 2021. 1-Jun Paid $1,800 cash on a 12-month insurance policy effective June 1, 2021. 1-Jun Hired his brother, Sam, to help with the corporation. He will be paid $1,000 per month for now. 5-Jun Purchased cleaning supplies for $1,500 on account. 7-Jun Billed a client, F. Crowley, for services performed on June 7 in the amount of $3,000. 8-Jun Paid $100 for gasoline for the van. 12-Jun Paid $200 for maintenance on the van. 15-Jun Incurred wages expense of $2,000. 16-Jun Received payment of $3,000 for services performed on June 7. 18-Jun Paid $1,500 of accounts payable off for cleaning supplies purchased on June 5th. 20-Jun Billed a client, J. Mills, for services performed on June 20 in the amount of $8,000. 26-Jun Received payment of $4,000 for services performed on June 20. 30-Jun Paid employee wages incurred on June 15 in full. 30-Jun Paid interest on the van note payable for June in the amount of $75. Part B: Post the above transactions to the appropriate general ledger accounts and find balances. I need help with part b
Dean Winchester opened Ghost Cleaners on June 1, 2021. He is the sole owner of the corporation.
During June, the following transactions were completed by Dean.
1-Jun Invested $65,000 in exchange for common stock in Ghost Cleaners, Inc.
1-Jun Purchased a used van for $12,000, paying $3,000 cash and the taking out a note payable for the rest.
He plans to pay off the remaining balance on the van by June 1, 2022. The note has a 10% APR
with interest being payable at the end of every month. No principle payments are due until August 1, 2021.
1-Jun Paid $1,800 cash on a 12-month insurance policy effective June 1, 2021.
1-Jun Hired his brother, Sam, to help with the corporation. He will be paid $1,000 per month for now.
5-Jun Purchased cleaning supplies for $1,500 on account.
7-Jun Billed a client, F. Crowley, for services performed on June 7 in the amount of $3,000.
8-Jun Paid $100 for gasoline for the van.
12-Jun Paid $200 for maintenance on the van.
15-Jun Incurred wages expense of $2,000.
16-Jun Received payment of $3,000 for services performed on June 7.
18-Jun Paid $1,500 of accounts payable off for cleaning supplies purchased on June 5th.
20-Jun Billed a client, J. Mills, for services performed on June 20 in the amount of $8,000.
26-Jun Received payment of $4,000 for services performed on June 20.
30-Jun Paid employee wages incurred on June 15 in full.
30-Jun Paid interest on the van note payable for June in the amount of $75.
Part B:
I need help with part b
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