Bratt Plumbing Company had the following transactions for June. June 1 Paid $550 for rent for the month of June. 2 Pai
Bratt Plumbing Company had the following transactions for June.
June 1 Paid $550 for rent for the month of June.
2 Paid $175 for one month of insurance.
5 Collected an account of $1,255 for plumbing services provided in May. This account was billed and correctly recorded in May.
9 Provided Jeff Dupuis, a potential customer, with an estimate of $5,000 for plumbing work that will be performed in July if the customer hires Bratt Plumbing.
14 Paid $675 for supplies purchased on account in May. The purchase in May had been correctly recorded.
17 Billed Rudy Holland $1,420 for plumbing work done.
19 Jeff Dupuis agreed to hire Bratt Plumbing (see the June 9 transaction) and gave Bratt Plumbing a down payment of $1,000.
29 Purchased $1,575 of equipment on account.
30 Paid an employee $850.
30 Paid D. Bratt, the company owner, $1,250.
For each transaction, prepare a basic analysis and a debit/credit analysis, and journalize the transaction. Use the format shown in BE2-8.