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Make reference this worksheet often to determine if a transaction should be recorded as a Debit or Crrentit begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{begin{tabular}{l} During its first month
Make reference this worksheet often to determine if a transaction should be recorded as a "Debit" or "Crrentit" \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} During its first month of operation (July), Jane's Skateboards completed the following transactions: \\ Instructions: Record these transactions in the next worksheet titled "1 - Journal Entries". \end{tabular}} \\ \hline Journal & Date & Transactions \\ \hline JE01 & July 1 & \begin{tabular}{l} Begin business by making a $100,000 deposit into the company's bank account in \\ exchange for 10,000 shares of common stock - Par value $10 \end{tabular} \\ \hline JE02 & July 2 & Paid $16,000 for shelf fixtures for the Jane's Skateboard storefront \\ \hline JE03 & July 3 & Paid $6,000 for the premium on a 1-year insurance policy \\ \hline JE04 & July 5 & Paid $3,000 for the Jane's Skateboards store rent \\ \hline JE05 & July 6 & Purchased on Credit - 1000 skateboards costing $25 each from Acme MFG \\ \hline JE06 & July 8 & Purchased on Credit - Store supplies costing $600 from Mike's Supply \\ \hline JE07 & July 10 & Paid $200 for Jane's Skateboards July telephone bill \\ \hline JE08 & July 11 & Sold 24 skateboards for $50 each to a customer who paid cash \\ \hline JE09 & July 18 & Paid $300 for 1/2 of the Store Supplies purchased on July 8 from Mike's Supply \\ \hline JE10 & July 20 & Sold 140 skateboards for $50 each to a customer who paid cash \\ \hline JE11 & July 25 & Sold 100 skateboards for $50 each to a customer who paid cash \\ \hline JE12 & July 26 & Paid $500 for Jane's Skateboards July electric bill \\ \hline JE13 & July 30 & Paid $1,500 to Jane's Skateboards shareholder(s) for dividend declared on July 30 \\ \hline \end{tabular}
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