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Jenna's Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested $400,000 (the par value of the stock) for 20,000
Jenna's Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested $400,000 (the par value of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop in the amount of $30,000, which was put on a credit account with the vendor; and the company paid employees wages of $16,000 in cash. Prepare Jenna's journal entries for the mont of January. Omit explanations. (Record debits first, then credits. Exclude explanations from any journal entries.) The owners invested $400,000 for 20,000 shares of common stock
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