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Please create journal entries for the following transactions. It is not necessary to include memos (8 points). 1. 2 3 4. S 6. 7. 8.
Please create journal entries for the following transactions. It is not necessary to include memos (8 points). 1. 2 3 4. S 6. 7. 8. On January 2, 2020, company sells 100,000 shares of common stock for $10 each. On January 3, 2020, company buys a new Truck for $40,000, paying cash. On January 4, 2020, company buys Office Furniture for $25,000, on account. On January 5, 2020, company is paid $20,000 cash for consulting services completed. On January 6, 2020, company bills a customer $12,000 for consulting services completed. On January 31, 2020, company is paid $9,000 of the $12,000 it billed on January On January 31, 2020, company pays $15,000 of the $25,000 (A/P) it owes from January 4. On January 31, 2020, company accrues for wages payable for January of $7,000. Simple Consulting, Inc. General Journal Date Account DEBIT CREDIT Chart of Accounts Cash- Accounts Receivable Office Furniture Truck Accounts Payable Wages Payable Common Stock Consulting Fees Earned Wages Expense
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