1	INVESTED $400,000 CASH FOR COMMON STOCK
2	PURCHASED LAND FOR CASH OF $54,000
3	RECEIVED $25,000 CASH FROM A NOTES PAYABLE
4	PURCHASED EQUIPMENT FOR $34,000 with $5,000 CASH, REMAINING ON ACCOUNT
5	PAID RENT FOR $2,300 CASH
6	PURCHASED $3,950 IN SUPPLIES IN CASH
7	INCURRED ADVERTISING EXPENSE $2,300 ON ACCOUNTS PAYABLE
8	PERFORMED SERVICES $46,000, RECEIVED $4,000 CASH, BALANCE ON ACCOUNT
9	PAID $900 CASH ON DIVIDENDS
10	PREPAID INSURANCE FOR 2 YEARS OF $7,200
11	PAID $4,000 CASH FOR UTILITIES
12	PAID $3,600 FROM ACCOUNTS PAYABLE
13	PAID $240 ON INTEREST EXPENSE
14	INCURRED SALARIES & WAGES PAYBLE FOR 3 OUT OF 5 DAYS FOR 2 EMPLOYEES AT $900 EACH AND PAID CASH OF $7,200 IN CASH.
15	RECEIVED $18,000 CASH FROM ACCOUNTS RECEIVABLE
16	RECEIVED $5,000 CASH FOR FUTURE SERVICES
17	REMAING BALANCE ON ACCOUNT OF SUPPLIES IS $2000
18	EXPENSED UTILITIES ON ACCOUNT FOR $450.00
19	INSURANCE EXPENSED FOR 1 MONTH
20	EQUIPMENT DEPRECIATION IS OF A 5 YEAR SCHEDULE, INDICATE EXPENSE FOR THE MONTH
21	PERFORMED SERVICES FOR $2,700 ON ACCOUNT
	ADJUSTING ENTRIES
22	PERFORMED SERVICES ON ACCOUNT WAS ACTUALLY $27,000 NOT $2,700
	1) PREPARE GENERAL JOURNAL ENTRIES