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Record the following journal entries below. The first two are done for you as examples. Date Event 1/2/10 Amanda Smith invested $20,000 cash in capital

Record the following journal entries below. The first two are done for you as examples.

Date

Event

1/2/10

Amanda Smith invested $20,000 cash in capital stock of newly formed corporation

1/4/10

Purchased equipment on account for $15,000. Note that when you see on account it means the customer will pay later.

1/12/10

Received $30,000 from customers for services rendered.

1/15/10

Received a bill for construction supplies used in the amount of $4,000.

1/18/10

Provided $6,400 of services on account.

1/20/10

Paid employees $4,600 for wages earned.

1/22/10

Collected the amount due for work provided on January 18.

1/23/10

Paid the amount due on equipment purchased on January 4.

1/25/10

Purchased (and used immediately) construction supplies for cash in the amount of $1,200.

1/31/10 The company paid Amanda Smith a $3,000 dividend

Date: Account: Debit: Credit: 1/2/10 Cash 20,000 Captial Stock 20,000 Issued stock to Amanda Smith for cash 1/4/10 Equipment 15,000 Acconts Payable 15,000 Purchased equipment on account

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