JUNE JOURNAL TRANSACTIONS
June 1 Signed a 3 year 7.5% , $200000 note payable with First Bank.
June 1 Purchased 3000 GPS units on credit from Navistar for $36 per unit.
June 1 Issued 5,500 shares of common stock for $11 per share (Refer to General Ledger for descriptionOf common stock).
June 1 Sold 2000 DVD players on account to Toyota for $76 per unit, Invoice #5555
June 2 Sold 3500 GPS units on account to Kia for $53 per unit, Invoice #5556.
June 2 Purchased office supplies from Office Max on credit for $1200
June 2 Sold 900 docking stations for $64 per unit and 1950 GPS units for $83 per unit on account to Nissan, Invoice #5557.
June 3 The Board of Directors declared a cash dividend of $5 per share for shareholders of record on June 5th, payable on June 12th .
June 4 Received payment from Toyota for May 11th sale.
June 4 Rented part of the warehouse to a new tenant and received $5400 for three months Rent starting in June
June 5 Paid $2,100 to Michigan Utility Co. for utilities bill that was recorded in May as an Account Payable, Check #5278.
June 7 Received and paid expense reports for travel and entertainment totaling $925, Check #5279.
June 8 Paid for Office supplies purchased on June 2nd , Check #5280.
June 11 Paid in full for the June 1 purchase from Navistar, Check #5281.
June 11 Received a bill from the law firm of Larry, Moe & Curly for $5400, payable upon Receipt, for bond consulting fees, Check #5282.
June 12 Paid the dividend that was declared on June 3, Check #5283.
*******AND SO ON****************
Sale Journal - CGS Debt - $586,600 Purchases Journal - Inventory Debt - $367,650 Cash Receipts Journal - Cash - Debit - $1,314,530 Cash Payments Journal - Cash - Credit - $891,945 Unadjusted Trial Balance - ToTal - $5,689,275 Here's the SOLUTION