In the journal provided,prepare journal entries (in good form)for the following transactions.If no entry is required,write "no entry." Omit explanations.
Mar. 1 Investors opened a dance school, called Yolonda's Dance Studio, by depositing $ \$ 15,000 $ into a business bank account in exchange for 15,000 shares of $ \$ 1 $ par value stock.
2 Paid three months' rent in advance, $ \$ 1,800 $.
4 Hired a part-time assistant, to be paid $ \$ 250 $ per week, starting next week.
6 Purchased sound equipment for $ \$ 2,000 $. Paid $ \$ 400 $ in cash, the remainder to be paid in installments of $ \$ 800 $ every two weeks.
8 Signed up five students, who will begin lessons on March 10, at $ \$ 80 $ per week per student.
17 Received the first week's tuition from four students; the fifth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the fifth student.
21 Paid the first installment on the sound equipment purchased on March 6.
23 Received an electric bill of $ \$ 100 $, to be paid April 1 .

Question

In the journal provided,prepare journal entries (in good form)for the following transactions.If no entry is required,write "no entry." Omit explanations.
 Mar. 1 Investors opened a dance school, called Yolonda's Dance Studio, by depositing $ \$ 15,000 $ into a business bank account in exchange for 15,000 shares of $ \$ 1 $ par value stock.
2 Paid three months' rent in advance, $ \$ 1,800 $.
4 Hired a part-time assistant, to be paid $ \$ 250 $ per week, starting next week.
6 Purchased sound equipment for $ \$ 2,000 $. Paid $ \$ 400 $ in cash, the remainder to be paid in installments of $ \$ 800 $ every two weeks.
8 Signed up five students, who will begin lessons on March 10, at $ \$ 80 $ per week per student.
17 Received the first week's tuition from four students; the fifth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the fifth student.
21 Paid the first installment on the sound equipment purchased on March 6.
23 Received an electric bill of $ \$ 100 $, to be paid April 1 .

Quizplus · Accepted Answer

The Answer of In the journal provided,prepare journal entries (in good form)for the following transactions.If no entry is required,write "no entry." Omit explanations.
 Mar. 1 Investors opened a dance school, called Yolonda's Dance Studio, by depositing $ \$ 15,000 $ into a business bank account in exchange for 15,000 shares of $ \$ 1 $ par value stock.
2 Paid three months' rent in advance, $ \$ 1,800 $.
4 Hired a part-time assistant, to be paid $ \$ 250 $ per week, starting next week.
6 Purchased sound equipment for $ \$ 2,000 $. Paid $ \$ 400 $ in cash, the remainder to be paid in installments of $ \$ 800 $ every two weeks.
8 Signed up five students, who will begin lessons on March 10, at $ \$ 80 $ per week per student.
17 Received the first week's tuition from four students; the fifth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the fifth student.
21 Paid the first installment on the sound equipment purchased on March 6.
23 Received an electric bill of $ \$ 100 $, to be paid April 1 .

In the Journal Provided,prepare Journal Entries (In Good Form)for the Following