Prepare journal entries (in good form) for the following transactions. If no entry is required, write no entry.

Apr. 1 Investors opened a dry cleaning service, called Same Day Cleaners, by depositing

$60,000 into a business bank account and receiving 60,000 shares of $1 par value

stock in exchange.

3 Paid two years rent in advance, $14,400.

6 Purchased dry cleaning equipment for $40,000. Paid $8,000 in cash, the

remainder to be paid in two weeks.

9 Hired a part-time worker, to be paid $300 per week, starting tomorrow.

17 Paid the workers weekly wage.

17 Recorded cash received for services performed during the week, $3,000.

20 Paid for the remainder of the equipment purchased on April 6.

21 Received $200 in advance of cleaning and boxing a wedding gown.

23 Performed $500 of dry cleaning services for Asas Tuxedo Shop. It will

remit payment in three days.

24 Paid the weekly wages.

26 Received payment from Asas Tuxedo Shop.

30 Received a telephone bill for $100, which will be paid in two weeks.