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QUESTION
Transactions for the George Lynch Company for the month of June are presented below.June 1George Lynch invests $5,000 cash in...
Transactions for the George Lynch Company for the month of June are presented below.
June 1 George Lynch invests $5,000 cash in a small welding business of which he is the sole proprietor.2 Purchases equipment on account for $2,100.3 $800 cash is paid to landlord for June rent.12 Sends a bill to M. Rodero for $300 for welding work performed on account.Identify the accounts to be debited and credited for each transaction.
