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5. (30 pts) Stohr Company (a lighthouse consulting company) completed the transactions given below. The company prepares financial statements every month and the company's year-end

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5. (30 pts) Stohr Company (a lighthouse consulting company) completed the transactions given below. The company prepares financial statements every month and the company's year-end is December 31st Please prepare journal entries for each. a) January 20, 2012 - Issued capital stock to a new stockholder for $10,000 cash b) January 31, 2012 - Received twelve months rent in advance (on a warehouse) - total $36,000 c) February 28, 2012 - Record any entry necessary relating to the warehouse rental d) February 28, 2012-Paid management salaries for March - total $80,000. e) March 31, 2012 - Record any entry necessary relating to the management salaries. f) April 1, 2012 - Purchased a computer for $12,000, paying $3,000 down and signing a note for the remainder. The note bears interest at 15% and is due May 31, 2008. The computer has a three-year useful life and no salvage value. It will be depreciated on a straight-line basis. 9) April 30, 2012 - Record any entries necessary relating to the computer and the debt on the computer. h) May 1, 2012 - Purchased and paid for supplies for $4,000. These supplies were placed in the storeroom. This was the only supplies purchase this month. At the beginning of the month the company had $1,000 of supplies on hand. i) May 31, 2012 - The supplies on hand are valued at $500. Prepare any necessary entry j) May 31, 2012 - Record the payment of the computer debt -- f) above. k) June 30, 2012 - Provided consulting services to dients totaling $10,000 and received $7,000 cash. The remainder will be received in one month. 1) July 30, 2012 -- Received payment in full for the services recorded above, at June 30th m) July 31, 2012-Signed a contract to provide advertising serves totaling $100,000 over the next year

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