X a New York businessman decided to open a computer consulting business in the Bronx New York. Prepare journal entries to record the following transactions.

July 1 X invested $70,000 cash, a one story building $100,000 and Computer equipment $20,000 to the business.

July 2 He paid a six-month insurance policy 2,400.

July 4 Provided services to Davison Inc. on credit $120,000

July 10 Collected the amount from Davison Inc.

July 15 Purchased supplies from ABC suppliers $2,000 on credit.

July 20 Paid the amount owed to ABC suppliers.

Date	Journal Entry	Debit	Credit
July 1
July 2
July 4
July 10
July 15
July 20