There are two problems on this assignment. Page down further after you complete problem 1.
Problem 1
Record the following journal entries below. The first two are done for you as examples.
Date	Event
1/2/2016	Amanda Smith invested $20,000 cash in capital stock of newly formed corporation
1/4/2016	Purchased equipment on account for $15,000. Note that when you see on account it means the customer will pay later.
1/12/2016	Received $30,000 from customers for services rendered. This was not previously billed to customer.
1/15/2016	Received a bill for construction supplies used in the amount of $4,000.
1/18/2016	Provided $6,400 of services on account.
1/20/2016	Paid employees $4,600 for wages earned.
1/22/2016	Collected the amount due for work provided on January 18.
1/23/2016	Paid the amount due on equipment purchased on January 4.
1/25/2016	Purchased (and used immediately) construction supplies for cash in the amount of $1,200.
1/31/2016	The company paid Amanda Smith a $3,000 dividend
GENERAL JOURNAL
DATE	ACCOUNT	DEBIT	CREDIT
1/2/2016	Cash	20,000
	Capital Stock		20,000
	Issued stock to Amanda Smith for cash
1/4/2016	Equipment	15,000
	Accounts Payable		15,000
	Purchased equipment on account
PROBLEM 2
Record the following journal entries below. Hint - some transactions do not require a journal entry
Date	Event
6/2/2015	Jose Alvarado invested $50,000 cash in the capital stock of a new corporation
6/3/2015	Paid rent for June in amount of $2,000.
6/6/2015	Hired an assistant to be paid $6,000 per month.
6/7/2015	Signed contract with Alpha Company to provide services for $15,000.
6/8/2015	Purchased on account and immediately used $1,500 of office supplies.
6/9/2015	Received $5,000 from Alpha Company for services performed to date.
6/15/2015	Paid $2,400 travel expense associated with consultation work.
6/16/2015	Provided services on account to Bravo Company for $6,000.
6/17/2015	Paid $3,000 salary to assistant.
6/23/2015	Billed Charlie Company $8,000 for consulting work performed.
6/25/2015	Reimbursed assistant $150 for travel expenses.
6/26/2015	Collected the amount due from Charlie Company for June 23 work.
6/27/2015	Purchased office furniture for $8,000, paying $2,000 cash with balance on account.
6/27/2015	Paid $1500 on account for June 8 purchase.
6/28/2015	Completed contracted work for Alpha Company and billed remaining $10,000 on account.
6/30/2015	Paid assistant $3,000 salary
GENERAL JOURNAL
DATE	ACCOUNT	DEBIT	CREDIT