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The following transactions occurred for Marys Consulting in the companys first month January, 2018 record journal entries for each transaction.
January 1 - Mary deposited $2,000 into the companys bank account in exchange she received 100 common shares in the company.
January 5 - The company purchased $500 of office furniture on account. Payment is due on February 5.
January 8 - The company did consulting work for a client. Billed $3,000. Received half of the money, with the other half due in one week.
January 10 - Paid employees wages of $200.
January 13 - Collected the amount due from January 8
January 15 - Paid the bill from January 5.
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