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On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June Jenna Davis invested $40,000 cash to start the business 2 Issued
On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June Jenna Davis invested $40,000 cash to start the business 2 Issued Check 201 for $2,000 to pay the June rent for the office 3 Purchased desk and other office furniture for $12,000 from Lowe' s Office Supply, Invoice 5103; issued Check 202 for a $2,000 down payment with the balance due in 30 days 4 Issued Check 203 for $1,700 for supplies 6 Performed services for $7,000 in cash 7 Issued Check 204 for $3,000 to pay for advertising expense 8 Purchased recording equipment for $15,000 from Special Hoves, Inc., Invoice 2122; issued Check 205 for a down payment of $5,000 with the balance due in 30 days 10 Performed services for $5,500 on account 11 Issued Check 206 tor $3,000 to Lowe's office Supply as payment on account 12 Performed services for $10,000 in cash 15 Issued Check 207 for $6,200 to pay an employee's salary 18 Received payments of $4,000 from credit clients on account 20 Issued Check 208 tor $6,000 to Special Moves,Inc, as payment on account 25 Issued Check 209 in the amount of $375 for the monthly telephone bi11 27 Issued Check 210 in the amount of $980 for the monthly electric bill 28 Issued Check 211 to Jenna Davis for $5, 000 for personal living expenses 30 Issued Check 212 lor $6,200 to pay the salary of an employee Requirec 1 Prepare the journal entries for the above transactions
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