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answer it properly in table Chad Polovick organized a new company. CapUniverse inc. The company operates a small store in an area mall and specializes

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Chad Polovick organized a new company. CapUniverse inc. The company operates a small store in an area mall and specializes in baseball-type caps with logos printed on them. Chad, who is never without a cap, believes that hils target market is college students. You have been hired to record the transactions occurring in the first two weeks of operations. Hoy 1 Issued 1 , 650 shares for 535 per shace. Hay 1 Borrowed $45,500 froe the bank to provide additional funding to begin operations. The note is due in two years with Intecest at 10 percent annually. Hay 1. Pald $2,050 for the current aonth's rent and another $2,050 for next month's cent. Hay i paid $2,820 for d one-year flre insurance policy (cecorded as a prepald expense). Way 3 Purchased furnsture and fixtures for the store for $19,700 on account, The anount it due ifthin 30 days. Hoy 4 Purchased tor $3,000 cash a sopply of Universfty of Waterloo, York Unfiversity, and balhousfe Undversity baseball caps to be sold anlthe. Hoy 5 ploced odvertisecients on copgle for o total of $539 cash. Ray 9 sold caps for a total of $670, half of which was chorged on account. The cost of the caps sold was $335. May 10 kade full payment for the furniture and fixtures purchased on account on May 3. Moy 14 Recelved $270 froh a custoner on sccount. Required: Prepare a journal entry to record each of the transactions. (If no entry is required for o transaction/event, select "No journal entry equired" in the first occount field.) Journal entrv worksheet

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