journal entries

6 1 Jill Wahpoosywan invested $200,000 in cash and office equipment that had a fair value of $48,000 in the business. 1 Prepaid $14,400 cash for three months' rent for an office. 2 Made credit purchases of office equipment for $24,000 and office supplies for $4,800. Completed services for a client and immediately received 54,000 cash. 9 Completed a $16,000 project for a client, who will pay within 30 days. 10 Paid the account payable created on May 2. 19 Paid $12,000 cash for the annual premium on an insurance policy. 22 Received $12,800 as partial payment for the work completed on May 9. 25 Completed work for another client for $5,280 on credit. 31 Wahpoosywan withdrew $12,400 cash from the business for personal use. 31 Purchased 51,600 of additional office supplies on credit. 31 Paid 51,400 for the month's utility bill