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IV. Applications (40 points) Coco Corporation is a IT company owned and operated by Coco Young. The following selected transactions were taken place during 1.
IV. Applications (40 points) Coco Corporation is a IT company owned and operated by Coco Young. The following selected transactions were taken place during 1. On March 1s, Coco invested $30,000 cash into the company 2. On March 2ad, the company bought an equipment of $49,000 on account. It's estimated to operate for 7 months and will be depreciated on a monthly basis 3. On March 4th, the company received 6-month rent worth $60,000 from the it 4. On March 8th, insurance will cover the coming 10 months. 5. March 9h the company purchased supplies of $40,000 on account. 6. On May 11h, the company billed customers for services on account, $9,450 7. On May 16, the company paid $82,000 cash to creditors. 8. On May 22d, the company received $12,150 cash from customers. 9. On May 28th, Coco withdraw $20,000 cash for personal use.,. 10. On May 30th, the company received water and electricity bill of $150 which is to be paid next month. a health insurance was bought spending $80,000 in cash. The 1. Journalize all the transactions (20 points)
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