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Listed are the February 2020 transactions for Sage Inc.. Using the journal entry template provided...

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Accounting

Listed are the February 2020 transactions for Sage Inc.. Using the journal entry template provided below, prepare the journal entries:

Feb 1: Issued common shares in exchange for cash of $25,500 and equipment of $15,000. Feb 1: Paid monthly utilities of $6,000. Feb 5: Purchased office supplies of $3,250 on account. Feb 10: Performed services of $5,000 on account. Feb 12: Performed services of $12,000; received $8,000 in cash with the remainder on account. Feb 15: Paid $5,250 in salaries. Feb 17: Performed services of $3,500 for cash. Feb 25: Collected customer payment in full from services performed on Feb 12th. Feb 28: Paid $1000 for monthly rent. Feb 28: Remitted payment to vendor for office supplies purchased on Feb 5th.

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