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 $ \$ 60,000 $ into a business bank account and receiving 60,000 shares of $ \$ 1 $ par value stock in exchange.
3 Paid two years' rent in advance, $ \$ 14,400 $.
6 Purchased dry cleaning equipment for $ \$ 40,000 $. Paid $ \$ 8,000 $ in cash, the remainder to be paid in two weeks.
9 Hired a part-time worker, to be paid $ \$ 300 $ per week, starting tomorrow.
17 Paid the worker's weekly wage.
17 Recorded cash received for services performed during the week, $ \$ 3,000 $.
20 Paid for the remainder of the equipment purchased on April 6.
21 Received $ \$ 200 $ in advance of cleaning and boxing a wedding gown.
23 Performed $ \$ 500 $ 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 $ \$ 100 $, which will be paid in two weeks.

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.
 Apr. 1 Investors opened a dry cleaning service, called Same Day Cleaners, by depositing $ \$ 60,000 $ into a business bank account and receiving 60,000 shares of $ \$ 1 $ par value stock in exchange.
3 Paid two years' rent in advance, $ \$ 14,400 $.
6 Purchased dry cleaning equipment for $ \$ 40,000 $. Paid $ \$ 8,000 $ in cash, the remainder to be paid in two weeks.
9 Hired a part-time worker, to be paid $ \$ 300 $ per week, starting tomorrow.
17 Paid the worker's weekly wage.
17 Recorded cash received for services performed during the week, $ \$ 3,000 $.
20 Paid for the remainder of the equipment purchased on April 6.
21 Received $ \$ 200 $ in advance of cleaning and boxing a wedding gown.
23 Performed $ \$ 500 $ 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 $ \$ 100 $, which will be paid in two weeks.

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.
 Apr. 1 Investors opened a dry cleaning service, called Same Day Cleaners, by depositing $ \$ 60,000 $ into a business bank account and receiving 60,000 shares of $ \$ 1 $ par value stock in exchange.
3 Paid two years' rent in advance, $ \$ 14,400 $.
6 Purchased dry cleaning equipment for $ \$ 40,000 $. Paid $ \$ 8,000 $ in cash, the remainder to be paid in two weeks.
9 Hired a part-time worker, to be paid $ \$ 300 $ per week, starting tomorrow.
17 Paid the worker's weekly wage.
17 Recorded cash received for services performed during the week, $ \$ 3,000 $.
20 Paid for the remainder of the equipment purchased on April 6.
21 Received $ \$ 200 $ in advance of cleaning and boxing a wedding gown.
23 Performed $ \$ 500 $ 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 $ \$ 100 $, which will be paid in two weeks.

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