(Notice: Date) Telecon, Inc., experienced the following transactions during May 2021. May 1 The...
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Accounting
(Notice: Date)
Telecon, Inc., experienced the following transactions during May 2021. May 1 The company issues ordinary shares in exchange for 25,000 cash. 2 Purchased 400 of supplies on credit. 2 Purchased equipment for 10,000, paying 3,000 in cash and signed a 30-day, 7,000, note payable. 4. Real estate commissions billed to clients amount to 4,000. 6 Paid 700 in cash for the current month's rent. 9 Paid 200 cash on account for supplies purchased on May 2. 11 Received a bill for 600 for advertising for the current month. 19 Paid 2,200 cash for salaries. 22 The company paid dividends of 1,200. 25 Received a check for 3,000 from a client in payment on account for commissions billed on a a May 4. Instructions Prepare the appropriate journal entries to record these transactions (omit explanations)
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