Journalize the following transactions:

1. Negotiate a lease with the landlord for office space for $42,000 per year. Record invoice for 1st months rent and and one month security deposit.

2. cut check for lease commitments

3. hire an assistant to run company

4. negotiate a contract for $950,000. Project is 12 months long. Scope includes:

- 12 months: $120,000 lab for project supervision

- 12 months: $12,000 misc materials for project trailer

- 7 months: $14,000 misc materials for fuel

- general excavation: 200,000 yards-$140,000 for labor, $36,000 for equipment and $100,000 for stone

- concrete slab (subcontractor) - 100% - $398,000

5. Pay office payroll - $5,000

6. Record July office rent and trailer rent ($1,000 per month)

7. Pay July office and trailer rent

(Note: Not all items require journal entries. Company uses % complete accounting)