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:

Prepare all required journal entries.