Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. Prepare the journal entries in the journal on Page 1.
A. The owners invested $7,500 from their personal account to the business account.
B. Paid rent $600 with check #101.
C. Initiated a petty cash fund $250 check #102.
D. Received $350 cash for services rendered.
E. Purchased office supplies for $125 with check #103.
F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days.
G. Received $750 cash for services rendered.
H. Paid wages $375, check #105.
I. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106.
J. Increased Petty Cash by $70, check #107.