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Create Journal Entries for the transactions and post them to T Accounts. 1. 1/15 Monica deposited $10,000 into a business bank account for PBP (Portraits

Create Journal Entries for the transactions and post them to T Accounts.

1. 1/15 Monica deposited $10,000 into a business bank account for PBP (Portraits By Porter) to pursue her dream.

2. 1/15 PBP purchased a camera from Good Co. on account for $3000. The useful life is 5 years.

3. 1/24 PBP purchased a computer for $756. The useful life is 3 years.

4. 1/26 PBP purchased a photo printer for $1200. The useful life is 2 years.

5. 1/26 PBP purchased photo supplies for $500.

6. 1/31 PBP received a $300 deposit from Mr. Moy to provide photography services at his wedding on February 4

7. 2/6 PBP delivered photos to Mr. Moy and billed Mr. Moy for the final payment of $200.

8, 2/8 PBP paid $1000 to Good Co.

9. 2/14 PBP provided photo services to Sweet Hearts Anonymous at the Valentines Day dance and received $250.

10. 2/21 PBP was hired to take photos at a sports banquet to be held on March 15th. The price was $1000 plus travel expenses with a down payment of $250.

11. 2/22 PBP purchased photos supplies for $800 from Photo Chemical Company.

12. 2/23 PBP paid $1500 to Good Co.

13. 2/25 PBP received a phone bill for $86

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