solved: Sanlucas Inc provides home inspection services to

its clients The

solved: Sanlucas Inc provides home inspection services to its clients The
Sanlucas, Inc., provides home inspection services to its clients. The following is the company's
trial balance dated June 1, current year.Sanlucas engaged in the following transactions in
June.June 4 Borrowed cash f
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inspection-services-to-its-clients-the
solved: Sanlucas Inc provides home inspection services to its clients The
Sanlucas, Inc., provides home inspection services to its clients. The following is the company's
trial balance dated June 1, current year.Sanlucas engaged in the following transactions in
June.June 4 Borrowed cash from Community Bank by issuing a $1,800 note payable.June 9
Collected a $1,920 account receivable from Nina Lesher.June 10 Purchased $180 of inspection
supplies on account.June 17 Billed homeowners $1,980 for inspection services. The entire
amount is due on July 17.June 25 Paid WLIR Radio $240 for ads to be aired on June 27.June
28 Recorded and paid $1,560 for testing expenses incurred in June.June 30 Recorded and paid
June salaries of $1,320.Instructionsa. Record the company's June transactions in general
journal form. Include a brief explanation of the transaction as part of each journal entry.b. Post
each entry to the appropriate ledger accounts (use the T account format illustrated in Exhibit
3-8).c. Prepare a trial balance dated June 30, current year. (Hint: Retained Earnings will be
reported at the same amount as on June 1. Accounting for changes in the Retained Earnings
account resulting from revenue, expense, and dividend activities is discussed in Chapter 5.)d.
Has the company paid all of the dividends that it has declared? Explain.View Solution:
solved: Sanlucas Inc provides home inspection services to its clients The
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