Award: 15.00 points Exercise 2-8 (Algo) Preparing Journal entries LO A1 Following are the transactions of Sustain Company. June 1 T. James, owner, invested $16,000 cash in Sustain Company in exchange for common stock 2 The company purchased $9,000 of furniture made from reclaimed wood on credit. 3 The company paid $1,600 cash for a 12-month prepaid insurance policy on the reclaimed furniture 4 The company billed a customer $8,000 for sustainability services provided. 12 The company paid $9,000 cash toward the payable from the June 2 furniture purchase 20 The company collected $8,000 cash for services billed on June 4. 21 T. James invested an additional $15,000 cash in Sustain Company in exchange for common stock 30 The company received $10,000 cash from a client for sustainability services for the next 3 months. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet > 1 2 3 4 5 6 7 8 T. James, owner, invested $16,000 cash in Sustain Company in exchange for common stock. Note: Enter debits before credits. Date June 01 General Journal Debit Credit Record entry Clear entry View general journa References