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help Following are the transactions of Sustain Company. June 1. T. James, owner, invested $11,000 cash in Sustain Company in exchange for common stock. june
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Following are the transactions of Sustain Company. June 1. T. James, owner, invested $11,000 cash in Sustain Company in exchange for common stock. june 2 . The company purchased $4,000 of furniture made from reclained wood on credit. June 3 The company paid $600 cash for a 12 -month prepaid insurance policy on the reclaimed furniture. June 4 . The company billed a customer $3,000 for sustainability services provided. June 12 . The company paid $4,000 cash toward the payable from the June 2 furniture purchase. June 20 The company collected $3,000 cash for services billed on June 4. June 21T. James invested an additional $10,000 cash in Sustain Coinpany in exchange for common stock. June 30 The company received $5,000 cash in advance of providing sustainability services to a customer. Prepare general joumal entries for the above transactions. Journal entry worksheet T. James, owner, invested $11,000 cash in Sustain Company in exchange for common stock. Note: Enter debits before credits Step by Step Solution
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