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Discuss a voice consulting service

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On June 1, Donna Banhil established Solo Services, a voice consulting service. Enter the following transactions for June in T-accounts using + and - to indicate increases or decreases:

Transactions

1. Donna Banhil invested $15,000 in cash to open the business

2. Paid $1,500 for June's rent

3. Paid $4,500 for rent in advance, for the next three months (July-September)

4. Purchased office supplies for $800 on credit

5. Performed voice consulting services and immediately received $1,200 from clients.

6. Gave voice lessons to charge account clients and earned $9,000

7. Paid $100 cash for the supplies purchased earlier in the month

8. Received $1,000 in cash from credit clients billed earlier in the month

Reference no: EM131761828

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