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I need journal entries for all the transactions included in the attachment as soon as possible. Martin Russell began his consulting business as a proprietary

I need journal entries for all the transactions included in the attachment as soon as possible.

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Martin Russell began his consulting business as a proprietary company on 1 July 2016. He has provided you with the following information for the rst 6 months of operations ending 31 December 2016. Martin expects to pay income taxes of 40% on the compaan prots after 12 months of operations. 0. ned business bank account with transfer of . rsonai funds $20,000 Bank loan a : aroved and received see Note A $125 000 Pa ment made for rental of ofce s-ace see Note B $50,000 Ofce equipment 8: furniture purchased on credit (see Note C} $30,000 lnvoiced client Mr.T for consultin_ services rovided in Jul $5,000 Paid wa es to associates for work . - rformed in Jul $3,000 Received -a ment from client Mr.T $5,000 Received a mentfrorn client Ms.TT forA ustservices $2,000 Paid wages to associates for work performed in August Consultin_ services rovided and .- ent received $250,000 Martin writes business cheque to buy birthday present for his wife Consultin services rovided. Pa ment not t received $100,000 Paid wages to associates for work performed in October $3,000 Wages paid to associates for work performed in November $3,000 Ofce su a lies urchase see Note D $10,000 Payment for electricity (see Note E) $6,000 "Overseas nancin_" revenue see Note F $90,000 Note A The loan contract calls for repayment of $25,000 per year beginning in January 2018. Note B Martin signed a lease agreement for ofce space for 25 months at $2000 per month with July 2016 being month #1 . Note C The ofce equipment and furniture will be completely replawd in three years. Note D $2,000 of supplies are on hand at 31 December while $1,000 of the total purchase amount has not yet been paid Note E Payment is for the months of July to November 2016. The December 2016 electricity bill for $1100 remains unpaid. Note F This "revenue" represents money received from an overseas client who wanted to invest in the business. The agreement signed with the investor calls for repayment of the entire amount in 5 years. Note G Received invoice on 31 Dec from lawyer for legal advice provided to the company in November. Your company's unique \"legal advice" amount is the last four digits of your SID. E.g. SID 200238754 would record an amount of $8754 forthis transaction. Note H December wages of $3000 and a $1000 Christmas bonus paid on 2 January 2017

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