Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following are the transactions of Sustain Company. June 1 T. James, owner, invested $19,500 cash in Sustain Company in exchange for common stock. June 2

Following are the transactions of Sustain Company. June 1 T. James, owner, invested $19,500 cash in Sustain Company in exchange for common stock. June 2 The company purchased $12,500 of furniture made from reclaimed wood on credit. June 3 The company paid $2,300 cash for a 12-month prepaid insurance policy on the reclaimed furniture. June 4 The company billed a customer $11,500 for sustainability services provided. June 12 The company paid $12,500 cash toward the payable from the June 2 furniture purchase. June 20 The company collected $11,500 cash for services billed on June 4 . June 21 T. James invested an additional $18,500 cash in Sustain Company in exchange for common stock. June 30 The company received $13,500 cash

how would this be put in a journal entry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information For Decision Making Readings In Cost And Managerial Accounting

Authors: Alfred Rappaport

2nd Edition

0134643887, 978-0134643885

More Books

Students also viewed these Accounting questions

Question

in java, variable declarations do not have to include data types

Answered: 1 week ago

Question

What are the purposes of promotion ?

Answered: 1 week ago

Question

a. Did you express your anger verbally? Physically?

Answered: 1 week ago

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago