In late November, Daisy Camellia began Sunflower NOLA, Inc., a floral and landscaping design business.

*Please account for this as a service business as clients supply all their own plants and flowers.

Part 1 - Prepare journal entries to record the events below in the spaces beneath each individual

description.

Dec. 1. Daisy invested $30,000 cash and $20,000 of equipment in the company in exchange for common stock.

Dec. 1. Daisy paid $1,200 cash in advance to cover 4 months insurancefor her business.

Dec. 2. City Park paid Daisy $10,000 in advance to create landscapingdesigns for the park. She is work on the project over the next few months.

Dec. 4. Daisy bought $4,000 of gardening supplies on account.

Dec. 10. Daisy designed flower arrangements for an HBO movie set and sent a bill for $11,000.

Dec. 15. Daisy paid $3,000 towards her account incurred previously for supplies.

Dec. 20. HBO sent Daisy a check for $8,000 in partial payment of the bill she sent previously for flower arrangements for a movie set.

Dec. 30. The Company paid Daisy a $6,000 dividend.