Do the journal entries?

March 1, 2018 Today is the day I start my business. Opened a company bank account for Mad Mad World Taxidermy, and deposited $500 cash, I also provided my $15,520 car (2016 Volkswagen Jetta), and $800 worth sewing equipment for the company. Exchanged all of these assets for shares in my new company, Mad Mad World Taxidermy.

March 1 My friend (a lawyer) helped me set up the company. He billed me $200 for legal fees which I think is a phenomenal deal. I havent paid the bill yet.

March 1 Purchased supplies on account - $50.

March 2 Borrowed $3,000 cash from my brother. I signed a note promising to pay him back the full amount PLUS 5% annual interest on or before his birthday (October 4)

March 2 Purchased a one-year insurance policy on the assets of the business - $520.

March 3 Purchased 3 rats from Petland*1 these rats will be used in my first 3 taxidermy pieces paid $27 cash. Made Rat #1 into Santa Claus, Rat #2 became a College student, and Rat #3 became a sports superfan. (Note rats are Madis inventory.)

March 4 Went to my first artisan market. Sold the College student rat for $60, and the Sports fan rat for $50. Received cash for the College student rat, but the sports fan sale was to my friend Patrick, who promised to pay me later he better not forget. Also, paid a $25 fee to have a table at the market.

March 5 To celebrate my first sale, I treated one of my friends from the Artisan Market to dinner. $50. Used the companys bank account to pay, we didnt talk work at all, but I think I should include this in my business costs.

March 8 When Madi purchases her rats, they are already dead. The rats are sold by pet stores to snake owners as snake food. Purchased three more rats from Petland - $30. Made the first into a Mermaid, the second into a ballerina and the third into a wizard.

March 9 Ran out of supplies, purchased $100 more. Paid cash.

March 12 Paid the legal bill.

March 14 Hired a friend (very limited hours) to help me out. Ill pay $12/hour to help with setup and selling at events.

March 15 Attended another artisan market (cost to have a table: $25.) Sold the Mermaid for $100 and wizard rat for $60. Both were sold on account, with customers promising to pay within 30 days. 4

March 17 Purchased four more rats from Petland - $44 cash. Made a race car driver, a cowboy, a school teacher and a poker player.

March 20 Sold three (!) rats on Etsy. Santa claus - $90, the ballerina - $60, and the cowboy - $40. Etsy takes a 10% of revenue, but the rest of the money has appeared in my account.

March 23 Attended the artisan market and sold the poker player - $80, and the school teacher $100. Both were on account. Id better start collecting some of this money soon!! Paid the exhibitor cost of $25 cash.

March 24 Paid my friend four hours of wages from the March 23 market.

March 25 Purchased 3 more rats from Petland - $36, cash. An astronaut, a zombie and a zombie hunter.

March 26 Ran out of supplies again, purchased more - $80 cash.

March 27 The zombie and zombie hunter sold as a package deal on Etsy $220. Etsy took its 10% fee, but the rest of the money landed in my bank account.

March 28 Received payment for a custom order for a very fancy Princess Rat. $250. Will begin making the rat in the next few days.

March 29 Received but did not pay my telephone bill. $45.

March 30 Received a bill for internet hosting for March $20 paid.

March 31 Celebrated my first month in business and I bought myself a new bracelet (with the companys cash) -$100.