Problem
Date Transaction description
1 Orlando Cohen invested $96,000 cash into the business.
1 Purchased Music Equipment for $50,000 cash.
1 Paid $8,760 for the next three month's rent of a studio.
1 Obtained a long-term loan of $198,000 from the MRMC Bank.
2 Purchased approximately two months worth of office supplies on credit for $3,100 from Phin Warehouse.
5 Received $4,300 in cash from Mel O'Dius for music lessons provided on that day.
6 Paid $190 for a non-refundable account set-up fee to the telephone provider.
9 Provided $4,900 of music lessons on credit for KB Lo-Fi.
11 Received $6,600 cash from Dan Soul for future music lessons.
17 KB Lo-Fi paid $2,700 in partial payment of their account.
17 Paid staff wages of $5,900 for the period up to and including yesterday.
22 Orlando Cohen withdrew $2,000 cash from the business.
25 Received a cash payment of $6,300 from students for music lessons provided on that day.
27 Made a partial payment of $1,550 for office supplies purchased on June 2.
27 Provided $5,600 of music lessons to Dan Serr on credit.
Instructions for recording transactions
Following the accounting policies and procedures of the business, record all June transactions in the general journal.
General journal entries do NOT require a description of the journal entries.
Remember to enter all answers to the nearest whole dollar.