*****Only use the below categories to enter the journal entries c-m: Cash, AR, Prepaid Insurance, Office Supplies, Equipment = AP, Genius Capital******

Assets Liabilities + Accounts Equipment Accounts Prepaid Insurance Office Supplies Equity Genius Capital Cash Receivable Payable C. Purchased equipment to be used in the business for $15,000. Paid 20% down and the rest on account (to be paid 30 days later.) d. Purchased materials and other supplies to be used in the business for $2,500 on account. e. Brought in $3,500 in cash for work performed during the first few weeks of the month. f. Sold other tutoring services on account for $2,100 to be paid within 30 days. g. Appeared as a guest speaker at an after school day care for a fee of $1,000 billing the hosts. The amount is due next month. h. Paid Gecko Insurance $1,200 for the annual insurance premium to cover the business assets. i. Paid the monthly utility bill of $1,500 the same day it arrived in the mail. j. On the last day of the month, paid $5,000 wages to the workers. (They are considered independent contractors, so there are no payroll tax issues. k. Returned $200 of the supplies purchased earlier because they were the wrong kind. (The supplies had not yet been paid for.) Received $500 in cash for a partial payment on services billed on account earlier. m. Withdrew cash for personal use in the amount of $3,200. 1