Record entries for Bryniuk Polo Inc. in the general journal. Enter, the date, choose the account, record debit first, and write a description.

Accounts:

101 Cash, 111 Accounts Receivable, 121 Supplies, 141 Equipment, 145 Prepaid rent, 147, Trucks, 201 Account Payable, 300 Common Stock, 301 Retaining Earnings, 205 Dividends Payable, 400 Fees Earned, 500 Wages Expense, 511 Utilities Expense, 515 Phone Expense

Data	Transaction
May 1	Marco Polo, Inc., was organized as a corporation on 2015 May 1, the company issued shares (10,000 shares X $5 each) of capital stock for USD 50,000 cash to Ron Cast, his wife, and their son. The investors invested $50,000 cash and deposited it on the new business account
2	Company paid $ 5,500 cash for equipment (two computers)
5	Company paid $ 8,500 cash for a truck.
7	Company purchased supplies on account from Office XL for $1,500
11	Issued a check to Office XL for $500 (previously purchased on account); Check# 122
14	Marco Polo Inc. earned $17,000 in revenue from the customer who paid cash.
15	Marco Polo Inc. earned $15,000 in revenue from the customer who purchesed services on credit.
16	Marco Polo Inc. collected $4,000 from the customer (services sold on account)
18	Company paid the secretary and two emplyees $7,000 for tw weeks wages
19	Issued the check # 123 for $1,350 to paid electric bill
20	Issued a check to Lucky Rent, Inc. for $1,900 to pay for office rent the months of June and July.
21	Marco Polos board of directors approves a motion directing the corporation to pay its regular quarterly dividend of $1 per share. The following entry is made on the declaration date of May 21 assuming that 2,000 shares of common stock are outstanding.
22	Company paid dividends (2,000 X $1= $2,000).
25	Issued the check # 124 for $1,200 to paid telephone bill

	GENERAL JOURNAL	Page 1
	DATA		POST REF.	DEBIT	CREDIT
1	2015
2	May	1
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