June 1 T. James, owner, invested $11,000 cash in Sustain Company. June 2 The company purchased $4,000 of furniture made from reclaimed wood on credit. June 3 The company paid $600 cash for a 12-month prepaid insurance policy on the reclaimed furniture. June 4 The company billed a customer $3,000 for sustainability services provided. June 12 The company paid $4,000 cash toward the payable from the June 2 furniture purchase. June 20 The company collected $3,000 cash for services billed on June 4. June 21 T. James invested an additional $10,000 cash in Sustain Company. June 30 The company received $5,000 cash in advance of providing sustainability services to a customer. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 Date June 01 Note: Enter debits before credits. 4 5 6 T. James, owner, invested $11,000 cash in Sustain Company. General Journal 7 8 Debit Credit

June 1 T. James, owner, invested $11,000 cash in Sustain Company. June 2 The company purchased $4,000 of furniture made from reclaimed wood on credit. June 3 The company paid $600 cash for a 12-month prepaid insurance policy on the reclaimed furniture. June 4 The company billed a customer $3,000 for sustainability services provided. June 12 The company paid $4,000 cash toward the payable from the June 2 furniture purchase. June 20 The company collected $3,000 cash for services billed on June 4. June 21 T. James invested an additional $10,000 cash in Sustain Company. June 30 The company received $5,000 cash in advance of providing sustainability services to a customer. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 Date June 01 Note: Enter debits before credits. 4 5 6 T. James, owner, invested $11,000 cash in Sustain Company. General Journal 7 8 Debit Credit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 7RE: At the end of Year 1, Herkimer Co. sells two laptops for 1,800 each. Based on the information in...

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Enter all the stuff inside the journal entry
Please help me. Thankyou.
5
How do you answer this question? Roxy the candle maker Roxy makes and sells scented candles in her shop and on-line. She also caters for functions such as parties, weddings etc. The candles cost $5 to make, and sell for $12. Roxy buys in the raw materials the month before she sells the candles. She pays a deposit of 20% when she orders and the rest the following month At the start of the year she owed $1,000 to supplier for the previous month Her customers pay 75% in the month of purchase and 25% the following month She pays rent of $1,000 on the shop in cash during the month before it is due She pays cash wages of $500 a month during the month Her other running costs are $900 a month, but this includes $200 for depreciation of the candle making machine In month 4 in the forthcoming year she intends to invest $5,000…
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