Paid $1,240 cash to employee for travel expenses to conference. Billed various customers $5,800 for services rendered. Signed a six-month contract with a customer to provide research consulting services at a rate of $3,200 per month. Received two months’ fees in advance. Work on the contract started immediately. Contracted for three months’ advertising in a local newspaper at $310 per month and paid for the advertising in advance. The firm purchased the following: office equipment. $11.040 office supplies. $2,840. Terms are $4.400 cash with the remainder due in 60 days. (Make a compound entry requiring two credits.) Paid $875 cash for June rent owed to the landlord. 30 Collected $7,800 cash from customers on their accounts. 28 Billed various customers $5,200 for services rendered. 26 Paid $3,600 cash for two weeks’ salaries to employees. 18 Paid $520 cash to post office for bulk mailing of research questionnaire (postage expense). 15 Paid $1,240 cash to employee for travel expenses to conference. 10 Billed various customers $5,800 for services rendered. 2 Signed a six-month contract with a customer to provide research consulting services at a rate of $3,200 per month. Received two months’ fees in advance. Work on the contract started immediately. 2 Contracted for three months’ advertising in a local newspaper at $310 per month and paid for the advertising in advance. 1 The firm purchased the following: office equipment. $11.040 office supplies. $2,840. Terms are $4.400 cash with the remainder due in 60 days. (Make a compound entry requiring two credits.) 2 Paid $875 cash for June rent owed to the landlord. June 1 B. May invested $24,000 cash in the firm in exchange for common stock. Market-Probe, a market research firm, had the following transactions in June 2019, its first month of operations.
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