Pridham Welding Company had the following transactions
Question and Solution
Pridham Welding Company had the following transactions for June. June 1 Tyler Pridham invested $9,500 cash in a small
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Pridham Welding Company had the following transactions for June. June 1 Tyler Pridham invested $9,500 cash in a small welding business. 2 Bought used welding equipment on account for $3,000. 5 Hired an employee to start work on July 15. Agreed on a salary of $3,600 per month. 17 Billed R. Windl $1,975 for welding work done. 27 Received $1,000 cash from R. Windl for work billed on June 17. 29 Paid for equipment purchased on June 2. 30 Paid employee $1,800 for one-half of a month's work. For each transaction, prepare a basic analysis, a debit/credit analysis, and journalize the transaction. Use the following format, in which the fi rst one has been done for you as an example: June 1 transaction:
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