What would the jounal entries look like for the followingevents?The followingevents apply to...What would...

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Accounting

What would the jounal entries look like for the followingevents?
The followingevents apply to Jackson Tutoring Services Inc. for the month ofJanuary 2018, the company's first period of operations:
1 Issued common stock in exchange for $4,000cash.
2 Borrowed $5,000 by issuing a2-year, 10% note payable to SunTrust Bank.
3 Paid $900 for January rent.
4 Purchased supplies on account for $450 fromTraveler's Supply Company.
5 Purchased equipment for $7,200cash from DSI Computer Company. The equipment has a 3 year life anda $1,200 salvage value.
6 Purchased additional equipmentfrom Bebo's Office Supply Co., paying cash of $1,350 and putting$1,500 on account. The equipment has a 5 year life and $450 salvagevalue.
7 Paid $125 for advertisementsto run in the current month and $375 for ads to run inFebruary-April.
8 Paid the January insurance premium of $225.
9 Performed services for $2,625 cash.
10 Received cash advance of$5,125 for services to be performed on a 5- month contractbeginning in January.
11 Performed services and billed customers$1,500.
12 Made a $600 payment on account to Traveler's OfficeSupply Company .
13 Collected $1,300 from customers on account.
14 Declared and paid dividends of $1,000 cash.

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Journal Entries Transaction General Journal Debit Credit 1 Cash 400000 Common Stock 400000 Common Stock issued 2 Cash 500000 10 Notes payable 500000 Cash received against Notes payable 3 Rent Expense 90000 Cash 90000 Rent paid 4 Supplies 45000 Accounts PayableTravellers Supply company 45000 Supplies Purchased 5 Equipment 720000 Cash 720000 Equipment Purchased 6 Equipment 285000 Cash 135000 Accounts PayableBebos office supply company 150000 Equipment Purchased 7 Prepaid See Answer

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In: AccountingWhat would the jounal entries look like for the followingevents?The followingevents apply to...What would the jounal entries look like for the followingevents?The followingevents apply to Jackson Tutoring Services Inc. for the month ofJanuary 2018, the company's first period of operations:1Issued common stock in exchange for $4,000cash.2Borrowed $5,000 by issuing a2-year, 10% note payable to SunTrust Bank.3Paid $900 for January rent.4Purchased supplies on account for $450 fromTraveler's Supply Company.5Purchased equipment for $7,200cash from DSI Computer Company. The equipment has a 3 year life anda $1,200 salvage value.6Purchased additional equipmentfrom Bebo's Office Supply Co., paying cash of $1,350 and putting$1,500 on account. The equipment has a 5 year life and $450 salvagevalue.7Paid $125 for advertisementsto run in the current month and $375 for ads to run inFebruary-April.8Paid the January insurance premium of $225.9Performed services for $2,625 cash.10Received cash advance of$5,125 for services to be performed on a 5- month contractbeginning in January.11Performed services and billed customers$1,500.12Made a $600 payment on account to Traveler's OfficeSupply Company .13Collected $1,300 from customers on account.14Declared and paid dividends of $1,000 cash.

The followingevents apply to Jackson Tutoring Services Inc. for the month ofJanuary 2018, the company's first period of operations:
1	Issued common stock in exchange for $4,000cash.
2	Borrowed $5,000 by issuing a2-year, 10% note payable to SunTrust Bank.
3	Paid $900 for January rent.
4	Purchased supplies on account for $450 fromTraveler's Supply Company.
5	Purchased equipment for $7,200cash from DSI Computer Company. The equipment has a 3 year life anda $1,200 salvage value.
6	Purchased additional equipmentfrom Bebo's Office Supply Co., paying cash of $1,350 and putting$1,500 on account. The equipment has a 5 year life and $450 salvagevalue.
7	Paid $125 for advertisementsto run in the current month and $375 for ads to run inFebruary-April.
8	Paid the January insurance premium of $225.
9	Performed services for $2,625 cash.
10	Received cash advance of$5,125 for services to be performed on a 5- month contractbeginning in January.
11	Performed services and billed customers$1,500.
12	Made a $600 payment on account to Traveler's OfficeSupply Company .
13	Collected $1,300 from customers on account.
14	Declared and paid dividends of $1,000 cash.