I need help with the journal entries and amounts Put $2,000 of own money into business Received a $5,000 loan at 12 interest from SMB Bank The interest is payable on the first of each month with principal due on July 1 2016 Purchased office supplies on account from Superhero's Warehouse for $175 Terms are net 20 Purchased furniture for cash for $575 from Office Depot Purchased computer from Creative Computer for $1,500 on account Paid $300 cash for three months' insurance to State Farm Insurance Purchased advertising space in The Avengers Monthly Magazine for July and August Total cost is $250 in cash Sold consulting to The Hulk for $175 check Sold consulting to Iron Man on account for $880 Terms are net 10 Sold consulting to Hawkeye for $225 Terms are net 10 Sold consulting to Thor for $1220 Terms are net 10 Paid Superhero's Warehouse for required amount Sold consulting to The Hulk for $ 1200 Terms are net 10 Received check from Iron Man for $840 Received check from Thor for $ 1,220 Sold consulting to Hawkeye for $150 Terms are net 10 Counted office supplies and found $75 in supplies left depreciation on Office equipment furniture is $60

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I need help with the journal entries and amounts Put $2,000 of own money into business  Received a $5,000 loan at 12  interest from SMB Bank  The interest is payable on the first of each month with principal due on July 1  2016  Purchased office supplies on account from Superhero's Warehouse for $175  Terms are net 20  Purchased furniture for cash for $575 from Office Depot  Purchased computer from Creative Computer for $1,500 on account  Paid $300 cash for three months' insurance to State Farm Insurance  Purchased advertising space in The Avengers Monthly Magazine for July and August  Total cost is $250 in cash  Sold consulting to The Hulk for $175 check  Sold consulting to Iron Man on account for $880  Terms are net 10  Sold consulting to Hawkeye for $225  Terms are net 10  Sold consulting to Thor for $1220  Terms are net 10  Paid Superhero's Warehouse for required amount  Sold consulting to The Hulk for $ 1200  Terms are net 10  Received check from Iron Man for $840  Received check from Thor for $ 1,220  Sold consulting to Hawkeye for $150  Terms are net 10  Counted office supplies and found $75 in supplies left  depreciation on Office equipment furniture is $60

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I need help with the journal entries and amounts Put $2,000 of own money into business. Received a $5,000 loan at 12% interest from SMB

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