Prepare in Proper Form Journal Entries for the Following Transactions $\quad$

question 78

Essay

Prepare in proper form journal entries for the following transactions.Omit explanations.
October
2 $\quad$ Owner made a cash investment into the company $\$ 5,000$
8 $\quad$ Bought supplies on accosst $\$ 100$ .
10 $\quad$ Paid salaries, $\$ 700$
15 $\quad$ Paid for supplies purchased on October $8$
21 $\quad$ Received company telephone bill, to be paid later, $\$ 30$

---

Definitions:

White-Collar

Referring to jobs performed in an office or other administrative setting as opposed to manual labor jobs, usually involving professional, clerical, managerial, or administrative work.

Street Crimes

Include arson, burglary, assault, and other illegal acts disproportionately committed by people from lower classes.

White-Collar Crime

Non-violent crime committed by individuals, usually during the course of their occupation, for personal or corporate benefit.

Respectability

The quality of being regarded with honor and esteem by society, often through conforming to its norms and values.