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EcoBuild Construction Co. started operations on January 1, 20X1. Record the following transactions in the general journal. Transactions: Issued 15,000 shares of common stock at
"EcoBuild Construction Co." started operations on January 1, 20X1. Record the following transactions in the general journal.
Transactions:
- Issued 15,000 shares of common stock at $130 per share, receiving cash.
- Purchased building materials worth $120,000 on credit from "BuildIt Suppliers."
- Sold construction services for $230,000 in cash.
- Paid $110,000 to "BuildIt Suppliers" for the materials purchased.
- Acquired construction equipment worth $185,000 in cash.
- Paid wages totaling $100,000.
- Provided services worth $200,000 on credit to "Construct Retailers."
- Received $180,000 from "Construct Retailers" for the services provided on credit.
- Paid rent amounting to $75,000.
- Received a utility bill for $37,000.
Requirement:
Journalize all these transactions into a general journal entry.
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