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Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following

Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following events. Transaction 1: Sept. 4: Elisa Carle invests $150,000 in their new business, which issued new shares to Elisa in return. Transaction 2: Sept. 10: Elisa Carle purchases inventory for $78,000 on account. Requirement: Prepare the journal entries

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