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PART IV - JOURNAL ENTRIES (24 points, each 4 points) Joan Ratenilli decides to open a pizza parlor near the local college campus that will
PART IV - JOURNAL ENTRIES (24 points, each 4 points) Joan Ratenilli decides to open a pizza parlor near the local college campus that will operate as a corporation. Journalize the following transactions in a general journal form for the month of June in 2001. Please list debit account(s) first, followed by credit account(s). (1) Joan Batenili invests $25,000 cash in exchange for common stock to start a pizza parlor business (2) Purchased baking equipment for $4,000 paying $2,000 in cash and the remainder due in 30 days. (3) Purchased cooking supplies of $1,200 in cash. (4) Paid salaries of $200 to student workers in cash. (5) Sent a bill of $100 to the Tiger Football Team for pizzas delivered before (will collect it in 20 days). (6) Incurred utility expenses for month on account, $200. on June 1
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