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Prepare general journal entries for the following transactions of Sustain Company. Use the following (partial) chart of accounts: Cash; Prepaid Insurance; Accounts Receivable; Furniture;
Prepare general journal entries for the following transactions of Sustain Company. Use the following (partial) chart of accounts: Cash; Prepaid Insurance; Accounts Receivable; Furniture; Accounts Payable; Unearned Revenue; Fees Earned; and T. James, Capital. June 1 T.James, owner, invested $11,000 cash in Sustain Company. a The company purchased 84,000 of furniture made from recelaimed wood on eredit. 3 The company paid S600 cash for a 12-month insurance poliey on the reclaimed furniture. 4 The company billed a customer $3,000 in fees earned from preparing a sustainability report. 12 The company paid $4,000 cash toward the payable from the June z furniture purchase. 20 The company collected $3.000 cash for fees billed on June 4. 21 T. James invested an additional 810,000 cash in Sustnin Company. 3o The company recelved $5.000 cash from a elient for sustainability services for the nest a months.
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