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Accounts payable Accounts receivable Cash Common stock Furniture Prepaid insurance Services revenue Unearned revenue Following are the transactions of Sustain Company. June 1T. James, owner,

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  • Accounts payable
  • Accounts receivable
  • Cash
  • Common stock
  • Furniture
  • Prepaid insurance
  • Services revenue
  • Unearned revenue
Following are the transactions of Sustain Company. June 1T. James, owner, invested $18,000 cash in Sustain Company in exchange for common stock. June 2 The company purchased $11,000 of furniture made from reclaimed wood on credit. June 3 The company paid $2,000 cash for a 12-month prepaid insurance policy on the reclaimed furniture. June 4 The company billed a customer $10,000 for sustainability services provided. June 12 The company paid $11,000 cash toward the payable from the June 2 furniture purchase. June 20 The company collected $10,000 cash for services billed on June 4. June 21 T. James invested an additional $17,000 cash in Sustain Company in exchange for common stock. June 30 The company received $12,000 cash in advance of providing sustainability services to a customer. Prepare general journal entries for the above transactions. Journal entry worksheet 45678 T. James, owner, invested $18,000 cash in Sustain Company in exchange for common stock. Note: Enter debits before credits

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