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Purchase company truck $50,000 Pay annual liability insurance premium of $1,500 Obtain copyright for company website pay $2500 cash Pay initial health insurance of $400
Purchase company truck $50,000
Pay annual liability insurance premium of $1,500
Obtain copyright for company website pay $2500 cash
Pay initial health insurance of $400 for each partner
Purchase laptop to use for any off-site business meetings 1,200 on account
Provide 54 hours of service
Purchase logo jackets for partners- pay $230 on credit
Provide 34 hours of service (at overtime rate)
Provide 120 hours of service - client paid cash
Please answer these and show adjusted journal entries as well. The hourly rate is 50 dollars.
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