On January 1, 20X1, Allison the Architect opened the doors to her new business. She issued shares of the Company to some family members who were nice enough to invest in her entrepreneurial dream. You are a friend and have offered to provide accounting services to her at a reduced cost. You have taught her how to produce the sales journal, cash receipts journal, purchases journal and cash disbursements journal.

Sales Journal for 201 Cash Receipts for 201 74,000 Number of \$1.00 par value shares issued Purchases Journal for 201 *Classify the purchases of kitchen supplies as kitchen supplies expense Cash Disbursements Journal for 201 - Classify supplies as office supplies on hand Insurance for office is a prepayment for 7 months Insurance for automobile is prepayment for 8 months Useful lives - Straight line depreciation, no salvage value I leafull lifa File: Home insent Page Layout Foimutas Dala Retriew Virw Help File- Hone: insert Pagelaydat Formulas "Data Revien View: Help 232424 Year Descrepien Ane1. Debe 2sec (21) (2) ( 31 (12) (1) 34: Fite Home insert Pagetayout formulas Dous Review View Help. so4 office Supplins fxpense 15 Yest Dencripting. Ret Debt Eretf Total 17 14 2019 21 2a 124 Sos vienes frethes Year Bescupten. Ref. Debe Cresir Tital 20 Sales Journal for 201 Cash Receipts for 201 74,000 Number of \$1.00 par value shares issued Purchases Journal for 201 *Classify the purchases of kitchen supplies as kitchen supplies expense Cash Disbursements Journal for 201 - Classify supplies as office supplies on hand Insurance for office is a prepayment for 7 months Insurance for automobile is prepayment for 8 months Useful lives - Straight line depreciation, no salvage value I leafull lifa File: Home insent Page Layout Foimutas Dala Retriew Virw Help File- Hone: insert Pagelaydat Formulas "Data Revien View: Help 232424 Year Descrepien Ane1. Debe 2sec (21) (2) ( 31 (12) (1) 34: Fite Home insert Pagetayout formulas Dous Review View Help. so4 office Supplins fxpense 15 Yest Dencripting. Ret Debt Eretf Total 17 14 2019 21 2a 124 Sos vienes frethes Year Bescupten. Ref. Debe Cresir Tital 20