AN Joey Juno began a web-based computer sales and service company on June 1. 20X8, called Juno's Toys. Joey has made a few decisions regarding the accounting system: all prepayments and unearned revenues will be recorded as assets and liabilities and the company will use a periodic inventory system. Juno's Toys completed these transactions during November of the current year Nov 1 Joey invested $12,000 cash along with $9,000 of used computer equipment into his new business, 1 Purchased 8 months of insurance for $1,200 cash; the insurance is effective immediately 2 Hired a computer technician, named Barney to be paid every two weeks. 4 $23,000 of merchandise was purchased from Eastman Store on account terms 1/10,n30. Freight was paid in amount of $200 for above purchase. Bought $400 of office supplies on account. 10 Sold merchandise to John Smith that cost $3,300 for $3,800. Mr. Smith paid $500 cash and put the rest on account, with term 1/15,n30. 14 Bought office furniture for $9,000. Paid $1,000 cash and signed a one year note at 6% for the balance. 16 Paid Barney, wages in amount of $600. 19 Joey withdrew $1,000 cash. 20 Joey wrote a cheque for $200 to purchase advertising in the local paper. Advertising to appear next month. 24 The company received $1,500 for services to be completed over the next two months 27 Mr. Smith paid his account in full. 30 Paid in full Eastman Store for purchases on the November 4th 30 Received a bill from the utilities company for November utilities in the amount of $330. The amount is due December 4. 30 Paid November and December rent today monthly rent is $1,000 56 Required: Prepare general journal entries to record the transactions Date Account Titles and Explanation (optional) Debit Credit 5 1 2 3 4 15 16 17 18 19 20 21 22 23 24 25 26