Daniel Adam, opened his own STEAM Education company called Snapology of Florida Southern. For the given business transactions, please analyze and provide the proper journal entry required for each selected transaction. (Note: All entries are from Snapologys perspective!)

Daniel decides to open his business on 1/1/2020. He contributes $50,000 Cash, $35,000 of Furniture, and $10,000 in Equipment in exchange for common stock.

DATE	ACCOUNT	DEBIT	CREDIT

On 1/15/20 Daniel received $500 Cash from Ashley Company for services to be performed on 1/17/20.

DATE	ACCOUNT	DEBIT	CREDIT

On 1/17/20 Daniel performed all services for Ashley Company from 1/15/20 transaction.

DATE	ACCOUNT	DEBIT	CREDIT

On 1/20/20 Daniel pays $100 cash for supplies previously bought on account.

DATE	ACCOUNT	DEBIT	CREDIT