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

question 90

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 $\$ 60,000$ 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.

---

Definitions:

Remedy

A means of legal reparation or correction, available through court proceedings, for a wrong or harm suffered.

Testify

To provide evidence or bear witness in a court of law, often under oath.

Expert

A person with a high level of knowledge or skill in a particular area or field.

Metadata

Data that are automatically recorded by electronic devices on their hard drives and that provide information about who created a file and when, and who accessed, modified, or transmitted it. Metadata can be described as “data about data.”