Jonathan Windsor owns Quartz Greenhouses, a gardening centre (as a sole proprietorship). His first year of operations included the following selected events and transactions;

January:

12th He invested $300,000 in his business

24th He buys a greenhouse for $100,000 cash.

May:

3rd He hires a greenhouse supervisor at an annual salary of $ 34,000.

June:

10th He orders and pays for a shipment of flowers costing $80,000.

15th He sells flowers for $40,000. Half of these sales are made on account.

August:

6th He receives a deposit of $5,000 from a customer to put merchandise "on hold".

17th He pays current month's salaries of $3,000.

Instructions

Required journal entries.