Following are the transactions of Sustain Company.
June 1 T. James, owner, invested $18,500 cash in Sustain Company in exchange for common stock.
2 The company purchased $11,500 of furniture made from reclaimed wood on credit.
3 The company paid $2,100 cash for a 12-month insurance policy on the reclaimed furniture.
4 The company billed a customer $10,500 in fees earned from preparing a sustainability report.
12 The company paid $11,500 cash toward the payable from the June 2 furniture purchase.
20 The company collected $10,500 cash for fees billed on June 4.
21 T.James invested an additional $17,500 cash in Sustain Company in exchange for common stock.
30 The company received $12,500 cash from a client for sustainability services for the next 3 months.
Prepare general journal entries for the above transactions
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Journal entry worksheet
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T. James, owner, invested $14,500 cash in Sustain Co. in exchange for its common stock.
Note: Enter debits before credits.
Date General Journal Debit Credit
June 01