Journalize

Aug

8	Drake paid HPR $4,000 in advance for six months of racing instructions. HPR charges $400 per hour for private instructions, which includes car and track rental.
10	Purchased 10 racing suits, on account, for resale purposes only, from Sparcoal. Each suit costs $1,000. HPR was charged shipping costs of $60.00, which was also included in the amount oweduse the Merchandise Inventory Account, terms n/30.
10	Migos and two friends paid Hamilton for 6 hours of instructional car racing training at $400 per hour, $2,400. (no taxes, for personal service)
10	Sold 3 racing suits to Migos for an upcoming video shoot, $2,000 each, and 3 helmets, $200 each, plus 7% sales tax. HPR uses first in, first out, perpetual inventory method.
12	Billed various customers $28,373
13	Paid utilities for the month, $1,850.