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All of these pictures come under 1 question, please provide answer with correct account names Justin had a great idea to start a video game
All of these pictures come under 1 question, please provide answer with correct account names Justin had a great idea to start a video game store in Camden, NJ. Make the appropriate journal entries for the following activities. 1. On January 1st, Justin decided to start his business. He invested $82,000 from his personal funds into the business. He decided to call the pet food store: Justin's Game Store. Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 2. On January 1st, Justin's Game Store took out a bank loan for $35,000 in cash. Debit Account Name Credit Account Name Debit Amount Credit Amount $ LA 3. On January 1st, Justin's Game Store purchased a delivery truck for the store for $17.500 using cash. Debit Account Name Credit Account Name Debit Amount Credit Amount $ VA 4. On January 3rd, Justin's Game Store purchased 125 video games from a local supplier for $3,750 on account. Justin would have 45 days to pay his supplier. Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ $ 5. On January 5th, Justin's Game Store sold 50 games for $3,000 to customers who paid on credit. Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ $ 6. The 50 games sold on January 5th had cost $1,500. Debit Account Name Credit Account Name Debit Amount Credit Amount $ 7. On January 7th, Justin's Game Store sold 10 pre-orders for a game that had not yet been released. Customers paid $550 upfront to Justin. Justin would deliver the games to the customers within 30 days. Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 8. On January 31st, Justin paid himself $1,200 for his salary for the month. Debit Account Name Credit Account Name Debit Amount Credit Amount $ 9. On January 31st, Justin recorded the first month of depreciation on the truck he purchased in (3). The truck cost $17.500. He expected it to last 12 years and have a salvage value of $220. Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 10. On January 31st, Justin owed the bank $95 in interest. He would not pay the bank until February 5th Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 11. On January 31st, Justin paid his supplier $2,000 in cash for the video games purchased in (4). Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ 12. On January 31st, Justin received $3,000 in cash from the customers who had made purchases on credit in (5). Debit Account Name Credit Account Name Debit Amount Credit Amount $ 12. On January 31st, Justin received $3,000 in cash from the customers who had made purchases on credit in (5). Debit Account Name Credit Account Name Debit Amount Credit Amount $ $ Question 6 Using the journal entries above (in part IV), what is Justin's revenue for the month: (sales) Question 7 Using the journal entries above (in part IV), what is Justin's expense for the month: (expense
All of these pictures come under 1 question, please provide answer with correct account names
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