Question $1$:

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

Mar. $1$ Investors opened a dance school, called Yolonda's Dance Studio, by depositing $$15,000$ into a business bank account in exchange for $15,000$ shares of $$1$ par value stock.

$2$ Paid three months' rent in advance, $$1,800.$

$4$ Hired a part$-$time assistant, to be paid $$250$ per week, starting next week.

$6$ Purchased sound equipment for $$2,000.$ Paid $$400$ in cash, the remainder to be paid in installments of $$800$ every two weeks.

$8$ Signed up five students, who will begin lessons on March $10,$ at $$80$ per week per student.

$17$ Received the first week's tuition from four students; the fifth student will remit payment in three days.

$17$ Paid the assistant his first week's wages.

$20$ Received payment from the fifth student.

$21$ Paid the first installment on the sound equipment purchased on March $6.$

$23$ Received an electric bill of $$100,$ to be paid April $1.$