Essay
In the journal provided,prepare journal entries (in good form)for the following transactions.If no entry is required,write "no entry." Omit explanations.
Apr. 1 Investors opened a dry cleaning service, called Same Day Cleaners, by depositing into a business bank account and receiving 60,000 shares of par value stock in exchange.
3 Paid two years' rent in advance, .
6 Purchased dry cleaning equipment for . Paid in cash, the remainder to be paid in two weeks.
9 Hired a part-time worker, to be paid per week, starting tomorrow.
17 Paid the worker's weekly wage.
17 Recorded cash received for services performed during the week, .
20 Paid for the remainder of the equipment purchased on April 6.
21 Received in advance of cleaning and boxing a wedding gown.
23 Performed of dry cleaning services for Asa's Tuxedo Shop. It will remit payment in three days.
24 Paid the weekly wages.
26 Received payment from Asa's Tuxedo Shop.
30 Received a telephone bill for , which will be paid in two weeks.
Correct Answer:

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Correct Answer:
Verified
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