Direction: Below are the selected transactions of Caseys Bookstore. Give the journal entry.

1. Mr Casey made additional investments: cash of 50,000 and furniture worth 15,000.
2. Office equipment was purchased on account, 10,000
3. Merchandise purchases amounted to 15,000 , terms :5,000 down, balance 2/10, n/30
4. Sales on account amounted to 12,000
5. Account purchases in no.3 was paid within the discount period.
6. A credit memo for 1,000 was issued to a customer in no.4
7. Cash sales amounted to 5,000
8. Operating expenses paid 3,000
9. Borrowed 10,000 from the bank and issued a promissory note
10. 10,000 was collected from the account sales in no.4
11. Sold to a customer who gave a prommisory note, 2,500
12. Purchased office supplies on account, 150
13. Received a telephone bill for 300
14. Note of customer in no.11 was dishonored
15. Cash purchases amounted to 15,000