June 1. Deposited $8,000 in a checking account in the name of Music Depot. 2. Received $2,400 from a local radio station for serving as the guest disc jockey for June.
2. Agreed to share office space with a local real estate agency, Upstairs Realty. Music Depot will pay one-fourth of the rent. In addition, Music Depot agreed to pay a portion of the salary of the receptionist and to pay one-fourth of the utilities. Paid $750 for the rent of the office.
4. Purchased supplies (blank CDs, poster board, extension cords, etc.) from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2016.
6. Paid $600 to a local radio station to advertise the services of Music Depot twice daily for two weeks.
8. Paid $500 to a local electronics store for renting digital recording equipment.
12. Paid $250 (music expense) to Cool Music for the use of its current music demos to make various music sets.
13. Paid City Office Supply Co. $100 on account.
16. Received $400 from a dentist for providing two music sets for the dentist to play for her patients.
22. Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,350 the 1st of July.
25. Received $500 from a friend for serving as the disc jockey for a cancer charity ball hosted by the local hospital.
29. Paid $240 (music expense) to Galaxy Music for the use of its library of music demos.
30. Received $1,000 for serving as disc jockey for a local club’s monthly dance.
30. Paid Upstairs Realty $400 for Music Depot’s share of the receptionist’s salary for June.
30. Paid Upstairs Realty $300 for Music Depot’s share of the utilities for June.
30. Determined that the cost of supplies on hand is $170.
30. Paid for miscellaneous expenses, $150.
30. Paid $800 royalties (music expense) to National Music Clearing for use of various artists’ music during the month.
30. Withdrew $200 of cash from Music Depot for personal uses​