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Elegant Events Planners commenced operations on January 1, 20X1. Record the following transactions in the general journal. Transactions: Issued 30,000 shares of common stock at

"Elegant Events Planners" commenced operations on January 1, 20X1. Record the following transactions in the general journal.

Transactions:

  1. Issued 30,000 shares of common stock at $205 per share, receiving cash.
  2. Purchased event supplies worth $195,000 on credit from "Event Suppliers Co."
  3. Sold event planning services for $380,000 in cash.
  4. Paid $260,000 to "Event Suppliers Co." for the supplies purchased.
  5. Acquired office furniture and decorations worth $325,000 in cash.
  6. Disbursed wages totaling $175,000.
  7. Sold services worth $340,000 on credit to "Event Retailers."
  8. Received $320,000 from "Event Retailers" for the services provided on credit.
  9. Remitted rent totaling $145,000.
  10. Received a utility bill amounting to $72,000.

Requirement:

Journalize all these transactions into a general journal entry.

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