Hi, I am needing the second part of this homework sheet done, or both parts. I just don't understand it.

There are two problems on this assignment. Page down further after you complete problem 1. Problem 1 Record the following journal entries below. The first two are done for you as examples. Date Event 1/2/2016 Amanda Smith invested $20,000 cash in capital stock of newly formed corporation 1/4/2016 Purchased equipment on account for $15,000. Note that when you see on account it means the customer wil 1/12/2016 Received $30,000 from customers for services rendered. This was not previously billed to customer. 1/15/2016 Received a bill for construction supplies used in the amount of $4,000. 1/18/2016 Provided $6,400 of services on account. 1/20/2016 Paid employees $4,600 for wages earned. 1/22/2016 Collected the amount due for work provided on January 18. 1/23/2016 Paid the amount due on equipment purchased on January 4. 1/25/2016 Purchased (and used immediately) construction supplies for cash in the amount of $1,200. 1/31/2016 The company paid Amanda Smith a $3,000 dividend GENERAL JOURNAL DATE ACCOUNT 1/2/2016 Cash Capital Stock Issued stock to Amanda Smith for cash 1/4/2016 Equipment Accounts Payable Purchased equipment on account DEBIT 20,000 CREDIT 20,000 15,000 15,000 PROBLEM 2 Record the following journal entries below. Hint - some transactions do not require a journal entry Date Event 6/2/2015 Jose Alvarado invested $50,000 cash in the capital stock of a new corporation 6/3/2015 Paid rent for June in amount of $2,000. 6/6/2015 Hired an assistant to be paid $6,000 per month. 6/7/2015 Signed contract with Alpha Company to provide services for $15,000. 6/8/2015 Purchased on account and immediately used $1,500 of office supplies. 6/9/2015 Received $5,000 from Alpha Company for services performed to date. 6/15/2015 Paid $2,400 travel expense associated with consultation work. 6/16/2015 Provided services on account to Bravo Company for $6,000. 6/17/2015 Paid $3,000 salary to assistant. 6/23/2015 Billed Charlie Company $8,000 for consulting work performed. 6/25/2015 Reimbursed assistant $150 for travel expenses. 6/26/2015 Collected the amount due from Charlie Company for June 23 work. 6/27/2015 Purchased office furniture for $8,000, paying $2,000 cash with balance on account. 6/27/2015 Paid $1500 on account for June 8 purchase. 6/28/2015 Completed contracted work for Alpha Company and billed remaining $10,000 on account. 6/30/2015 Paid assistant $3,000 salary GENERAL JOURNAL DATE ACCOUNT DEBIT CREDIT count it means the customer will pay later. usly billed to customer. nt of $1,200. on account