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Micah Simmobs began an accounting buisness the month of March 2020, complete the dollowing transactions: QUESTION # 2 - BASIC JOURNAL ENTRIES (8 points) Micah

Micah Simmobs began an accounting buisness the month of March 2020, complete the dollowing transactions: image text in transcribed
QUESTION # 2 - BASIC JOURNAL ENTRIES (8 points) Micah Simmons began an accounting business and during the month of March 2020, completed the following transactions: March 1 Micah began the business by investing cash of $15,000 and computer equipment and software with a fair value of $5,700. March 5 Paid an Insurance premium for one year's coverage in advance, $1500. March 12 Purchased office supplies on credit for $185 March 21 Services rendered and collected $1800 cash. March 22 Completed work for a customer, Elizabeth Minors, on credit, $960 March 28 Received $4980.00 for services in the future. March 31 Received the electricity bill for March, $250. This bill will be paid in April. Prepare general journal entries to record the above transactions: Date Accounts Debit Credit

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