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please help with answering letters a-j H requires 2 entries 2nd screenshot is question H and the 2 entries Ryan Terlecki organized a new Internet

please help with answering letters a-j
H requires 2 entries
2nd screenshot is question H and the 2 entries image text in transcribed
image text in transcribed
Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos printed on them. Ryan, who is never without a cap, believes that his target market is college and high school students. You have been hired to record the transactions occurring in the first month of operations. a. Issued 2,800 shares of $0.01 par value common stock to investors for cash at $28 per share. b. Borrowed $69,000 from the bank to provide additional funding to begin operations; the note is due in two years. c. Paid $2,300 cash for rent of a warehouse: $1,150 for the current month's rent and another $1,150 for next month's rent. d. Paid $1,320 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). e. Purchased furniture and fixtures for the warehouse for $10,000, paying $3,000 cash and the rest on account. The amount is due within 30 days. f. Purchased for $2,800 cash The University of Pennsyivania, Notre Dame, The University of Texas at Austin, The Ohio State University, and Michigan State University baseball caps as inventory to sell online. 9. Placed advertisements on Google for a total of $260 cash; the ads were run immediately. h. Sold caps totaling $1,600, haif of which was charged on account. The cost of the caps sold was $800. (Hint: Make two entries.) 1. Made full payment for the fumiture and fixtures purchased on account in (c). 1. Recelved $270 from a customer on account. Required: Prepare journal entries for each transaction. Note that transaction (h) will require two entries, one for rever ue and one for the related expense. (f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Sold caps totaling $1,600, half of which was charged on account. The cost of the caps sold was $800. Record the sale. 9 Sold caps totaling $1,600, half of which was charged on account. The cost of the caps sold was $800. Record the cost of the sale

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