Prepare general journal entries for the following transactions of Sustain Company. June 1 T. James, owner, invested

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Prepare general journal entries for the following transactions of Sustain Company.

June 1 T. James, owner, invested $11,000 cash in Sustain Company in exchange for common stock.

2 The company purchased $4,000 of furniture made from reclaimed wood on credit.

3 The company paid $600 cash for a 12-month prepaid insurance policy on the reclaimed furniture.

4 The company billed a customer $3,000 for sustainability services provided.

12 The company paid $4,000 cash toward the payable from the June 2 furniture purchase.

20 The company collected $3,000 cash for services billed on June 4.

21 T. James invested an additional $10,000 cash in Sustain Company in exchange for common stock.

30 The company received $5,000 cash in advance of providing sustainability services to a customer.

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