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Can you please Write the journal entries for the following transactions #24-#31 #24 Feb 22: The owners of the Bookstore contributed $44,000 into the company
Can you please Write the journal entries for the following transactions #24-#31
#24 Feb 22: The owners of the Bookstore contributed $44,000 into the company in exchange for common stock. #25 Feb 23: Purchased $230 of supplies on account. #26 Feb 25: Received a utility bill for $3,100. The bill is due on March 8, 2020. #27 Feb 28: During the last week of February the company reported book and gift sales as follows: Books: Gifts: Cost: $2,920 Sales Price: $5,255 Cost: Sales Price: $619 $1,115 The company collected 20% of total sales in cash, the remainder of the sales were made on credit. #28 Feb 28: During the last week of February the company reported concession sales as follows: Concessions: Cost: $ 903 Sales Price: $1,895 4 All concession sales were cash sales. #29 Feb 28: Tutoring fees for the remainder of the month totaled $6,020. One half of this balance was paid in cash, the balance was charged to customer's accounts. #30 Feb 28: Paid $26,450 on accounts payable. #31 Feb 28: The Bookstore declared and paid dividends totaling $1,500 to its shareholders. STOP HERE! Don't proceed with the adiusting entries (additional information below) until you have entered the transactions aboveStep by Step Solution
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