The Accounts with Their Respective Balances for Dom's Delivery Service

question 30

Essay

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 shown, create a Chart of Accounts with appropriate account numbers for the accounts given for Dom's Delivery Service.

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Definitions:

Achieve Consensus

The process of reaching agreement or shared understanding among a group.

Conflicts

Situations where incompatible goals, beliefs, or actions between two or more parties result in opposition or antagonistic interaction.

Derail

To cause a process or activity to deviate from its intended course, leading to disruption or failure.

Obstacles

Barriers or hindrances that impede progress or achievement of a goal.