January, 2018 Prepare the following journal entries in proper journal entry form. 1. Bought supplies on credit for $700.

2. Received $3,600 to start a six-month job, beginning next month.

3. Started a company by contributing equipment worth $3,400, land worth $80,000 and cash of $10,000 into a business checking account.

4. Billed a customer for a $2,100 job.

5. Received an invoice for a gas bill, $150.

6. Paid $300 for van repairs.

7. Purchased supplies for $500 in cash.

8. Withdrew $1,600 and deposited it into a personal checking account.

9. Received $950 for a job he just completed.

10. Agreed to do a job for a customer for $600.

11. Purchased another van for $14,000; and a computer for $2,000 on account.

12. Received $3,000 from a customer for a job previously completed.

13. Purchased land worth $4,000,000. Paid $2,700,000 in cash and signed a note payable for the remainder.

14. Paid $3,600 for 3 months rent.

15. Contributed $2,000 of personal funds to the companys cash account.

16. Paid $300 regarding transaction in number 1, above.

17. Paid his assistant $500 for this weeks salary.

18. Paid his assistant for a months work.

19. Paid cash to creditors on account, $100.

20. The first month of the job in number 2 above has passed.

21. One month has passed since transaction number 14 above.

22. Depreciation on the building for the month was $100,000.

23. Received payment for the job in number 4, above.

24. Completed a job and billed the client $700.

25. Customer paid $5,000 on an $8,000 job just completed.

Indicate which account type each account belongs to by putting an x in the appropriate box.

ty with ACCOUNTS a n equity, rem ARTES OUMY apetes ASSETS Accounts Payable Revenue Drawing Travel Services Supplies Rent Prepaid Insurance Accounts Receivable Cash Repairs Notes Payable Depreciation Furniture and Equipment Insurance Advertising