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Following are the transactions of Sustain Company. June 1 T . James, owner, invested $ 1 2 , 0 0 0 cash in Sustain Company

Following are the transactions of Sustain Company.
June 1 T. James, owner, invested $12,000 cash in Sustain Company in exchange for common stock.
June 2 The company purchased $5,000 of furniture made from reclaimed wood on credit.
June 3 The company paid $800 cash for a 12-month prepaid insurance policy on the reclaimed furniture.
June 4 The company billed a customer $4,000 for sustainability services provided.
June 12 The company paid $5,000 cash toward the payable from the June 2 furniture purchase.
June 20 The company collected $4,000 cash for services billed on June 4.
June 21 T. James invested an additional $11,000 cash in Sustain Company in exchange for common stock.
June 30 The company received $6,000 cash in advance of providing sustainability services to a customer.
Prepare general journal entries for the above transactions.
Journal entry worksheet
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2
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T. James, owner, invested $12,000 cash in Sustain Company in exchange for
common stock.
Note: Enter debits before credits.
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