Exercise $2-8($Algo$)$ Preparing journal entries LO A$1$

Following are the transactions of Sustain Company.

June $1$ T$.$ James, owner, invested $$13,500$ cash in Sustain Company:

June $2$ The company purchased $$6,500$ of furniture made from reclaimed wood on credit.

June $3$ The company paid $$1,100$ cash for a $12-$month prepaid insurance policy on the reclaimed furniture.

June $4$ The company billed a customer $$5,500$ for sustainability services provided.

June $12$ The company paid $$6,500$ cash toward the payable from the June $2$ furniture purchase.

June $20$ The company collected $$5,500$ cash for services billed on June $4.$

June $21$ T$.$ James invested an additional $$12,500$ cash in Sustain Company.

June $30$ The company received $$7,500$ cash in advance of providing sustainability services to a customer.

Prepare general journal entries for the above transactions.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

T$.$ James, owner, invested $$13,500$ cash in Sustain Company.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $01,,,],[,,,],[,,,],[,,,]]$