In the journal provided,prepare journal entries (in good form)for the following transactions.If no entry is required,write "no entry." Omit explanations.
Nov. 1 Investors opened a dance school called Olga's Dance Studio by depositing $ \$ 24,000 $ into a business bank account in exchange for 24,000 shares of $ \$ 1 $ par value stock.
2 Paid three months' rent in advance, $ \$ 2,400 $.
4 Hired a part-time assistant, to be paid $ \$ 275 $ per week.
6 Purchased sound equipment for $ \$ 4,200 $. Paid $ \$ 600 $ in cash, the remainder to be paid in installments of $ \$ 1,200 $ every two weeks.
8 Signed up ten students, who will begin lessons on November 10 , at $ \$ 100 $ per week per student.
17 Received the first week's tuition from nine students; the tenth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the tenth student.
20 Paid the next installment on the sound equipment purchased on November 6.
23 Received an electric bill of $ \$ 150 $, to be paid on December 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.
 Nov. 1 Investors opened a dance school called Olga's Dance Studio by depositing $ \$ 24,000 $ into a business bank account in exchange for 24,000 shares of $ \$ 1 $ par value stock.
2 Paid three months' rent in advance, $ \$ 2,400 $.
4 Hired a part-time assistant, to be paid $ \$ 275 $ per week.
6 Purchased sound equipment for $ \$ 4,200 $. Paid $ \$ 600 $ in cash, the remainder to be paid in installments of $ \$ 1,200 $ every two weeks.
8 Signed up ten students, who will begin lessons on November 10 , at $ \$ 100 $ per week per student.
17 Received the first week's tuition from nine students; the tenth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the tenth student.
20 Paid the next installment on the sound equipment purchased on November 6.
23 Received an electric bill of $ \$ 150 $, to be paid on December 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.
 Nov. 1 Investors opened a dance school called Olga's Dance Studio by depositing $ \$ 24,000 $ into a business bank account in exchange for 24,000 shares of $ \$ 1 $ par value stock.
2 Paid three months' rent in advance, $ \$ 2,400 $.
4 Hired a part-time assistant, to be paid $ \$ 275 $ per week.
6 Purchased sound equipment for $ \$ 4,200 $. Paid $ \$ 600 $ in cash, the remainder to be paid in installments of $ \$ 1,200 $ every two weeks.
8 Signed up ten students, who will begin lessons on November 10 , at $ \$ 100 $ per week per student.
17 Received the first week's tuition from nine students; the tenth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the tenth student.
20 Paid the next installment on the sound equipment purchased on November 6.
23 Received an electric bill of $ \$ 150 $, to be paid on December 1 .

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