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PLEASE ANSWER SASAP George Butler, the sole stockholder, opened a business that provides day tugboat tours to tourists along the Mississippi River. Prepare journal entries

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PLEASE ANSWER SASAP

George Butler, the sole stockholder, opened a business that provides day tugboat tours to tourists along the Mississippi River. Prepare journal entries to record the following transactions. May 1 Butler invested $20,000 cash and a tugboat valued at $90,000 in exchange for common stock. May 2 Butler paid $3,000 cash for office equipment. May 3 Butler bought boating supplies costing $2,500 on credit. May 4 Butler paid $500 cash for the first month's dock rental. May 5 Butler paid $1,800 cash for a six-month insurance policy. May 10 Butler gave a client a tour and immediately received $2,000 cash. May 12 Butler provided a $3,500 tour on credit, the customer agreed to pay within 10 days May 19 Butler paid for the boating supplies originally purchased on May 3. May 22 Butler receives payment on the account from the client entry on May 12. May 25 Butler received $2,750 cash for tours that he completed that day. May 31 Butler paid his crew member a salary of $1,000. May 31 The company paid $2,000 in cash dividends

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