The Following Information Should Be Used for Questions

question 14

Essay

The following information should be used for questions

The accounts with their respective balances for Dom's Delivery Service as of June 1 are given below. All accounts have normal balances.

Dom's had the following transactions during the month of June.
a. Paid rent for June, $1,200
b. Dominic Goggin withdrew $5,800 from the business for personal use
c. Performed services for $5,350 in cash
d. Performed services for $21,800 on credit
e. Received $12,400 from credit customers on account
f. Paid the administrative assistant salary of $2,000 and delivery service messenger/driver salary of $3,000 for the month
g. Paid the electric and phone bills for a total of $580
h. Paid creditors $6,000 on account
i. Purchased $3,500 in supplies on account.
j. Paid $2,500 cash for advertising in the local newspaper in June

-Using the information above, set up T accounts and enter transactions a-j. Foot each account as of June 30, 2019. Prepare a Trial Balance.

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Definitions:

Antipsychotic Drug

Medication used to treat psychotic symptoms, such as delusions and hallucinations, often in disorders like schizophrenia.

Schizophrenia

A chronic brain disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Self-instructional Training

Self-instructional training is a cognitive behavioral technique where individuals learn to talk themselves through tasks or situations to improve performance or behavior.

Meichenbaum

A psychologist best known for his work in cognitive behavior modification and a significant contributor to cognitive-behavioral therapy.