In January, 2020, we have a feeling that 2020 will be a doozie and many people will be stuck in their homes cleaning out their closets. As such, we start a storage company called Bananas. Our customers can rent locked rooms to store their personal belongings.

We hire the BUS 181 class to create a Chart of Accounts. They came up with the following:

101	Cash		200	Accounts Payable		400	Storage Fees Earned
102	Accounts Receivable		201	Wages Payable
103	Office Supplies					500	Depreciation Exp Buildings
104	Prepaid Insurance		300	Common Stock		501	Salaries Expense
105	Buildings		301	Retained Earnings		502	Insurance Expense
106	Accumulated Dep. Building		302	Dividends		503	Rent Expense
						504	Supplies Expense
						505	Misc. Expense

A: On January 1^st, we invested $100,000 in cash in exchange for Common Stock in the Business. Journalize the transaction in the correct Journal Entry format (including date, description, etc).

B: On January 2^nd, we purchased $3,000 of supplies for cash. Journalize the transaction in the correct Journal Entry format (including date, description, etc)..

C: On January 4^th, we pay $7,000 cash for a 12-month Insurance Policy. Journalize the transaction in the correct Journal Entry format (including date, description, etc)...