Date Transaction

1 12/1 Investors provided $47,000,000 of cash in exchange for stock of Space Travel, Inc.

2 12/3 Purchased one spaceship from Elon Musk costing $17,000,000 in exchange for $6,000,000 cash and a $11,000,000 note payable

3 12/3 Purchased and paid for a one-year insurance policy on the spaceship for $547,200

4 12/4 Purchased $1,700,000 of supplies on account.

5 12/8 Paid wages of $380,500 to his employees for work performed

6 12/10 Delivered supplies to the International Space Station and billed NASA for this service in the amount of $7,500,000

7 12/12 Paid $790,000 of the amount owed for the transaction on Dec 4 (purchased $1,700,000 of supplies on account)

8 12/13 Collected $1,250,000 on the accounts receivable established when Space Travel, Inc. billed NASA on delivery services to the International Space Station. This delivery was already performed on 12/10

9 12/15 Paid wages of $395,000

10 12/15 Paid $1,800,750 for fuel costs used in traveling to the International Space Station

11 12/15 Collected $2,980,000 as deposits from individuals who contracted for future rides in the spaceship

12 12/19 Paid $1,700,000 of the Note Payable established when Sean purchased the spaceship

13 12/19 Billed NASA for delivery services provided in the amount of $3,000,000 for a trip to the International Space Station

14 12/20 Collected $950,000 on accounts receivable

15 12/20 Purchased $750,000 of additional supplies on account

16 12/31 Paid a $1,850,000 cash dividend to shareholders.

12/31 Purchased $750,000 of additional supplies on account

16 12/31 Paid a $1,850,000 cash dividend to shareholders.

Complete a general journal.