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signment: Below business transactions are noted for Harry P. Inc. Jan 2021 month end: (1) Issued share capital for $5,000 cash (posted as an example).

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signment: Below business transactions are noted for Harry P. Inc. Jan 2021 month end: (1) Issued share capital for $5,000 cash (posted as an example). (2) Paid $900 in advance for three months' rent, $300 for each month. (3) Billed $1,500 to customers for repairs completed today. (4) Purchased on credit $2,000 of supplies to be used next month. (5) Borrowed $7,500 from the bank. (6) Collected $500 for the amount billed in transaction (3). (7) Received a $200 bill for electricity used to date (the bill will be paid next month). (8) Paid $2,500 of the bank loan. (9) Used $800 of the supplies purchased in transaction (4). (10) Paid $2,000 for the supplies purchased in transaction (4). (11) Recorded the use of one month of the rent paid for in transaction (2). ired: repare Journal Entry for each transaction

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