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

question 98

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.
May 1 Investors opened a dry cleaning service, called Junction Cleaners, by depositing $\$ 100,000$ into a business bank account and receiving 50,000 shares of $\$ 2$ par value stock in exchange.
3 Paid two years' rent in advance, $\$ 11,200$ .
6 Purchased dry cleaning equipment for $\$ 36,000$ . Paid $\$ 14,000$ in cash, the remainder to be paid in two weeks.
10 Hired a worker, to be paid $\$ 550$ per week.
17 Paid the worker's weekly wage.
17 Recorded cash received for services rendered during the week, $\$ 5,000$ .
20 Paid for the remainder of the equipment purchased on May 6.
21 Received $\$ 240$ in advance of cleaning and boxing a wedding gown.
23 Performed $\$ 390$ of dry cleaning services for Tuxedos Unlimited. It will remit payment in three days.
24 Paid the weekly wages.
26 Received payment from Tuxedos Unlimited.
30 Received a telephone bill for $\$ 114$ , which will be paid in two weeks.

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Definitions:

Immoral

Actions or behavior that are considered to be wrong or unethical according to societal norms.

Amoral

Amoral describes actions or individuals that are neutral in terms of morality, lacking a sense of right or wrong.

Mintzberg's Managerial Roles

A framework that categorizes ten roles managers typically perform, including interpersonal, informational, and decisional roles.

Conceptual Skill

The ability to analyze and solve complex problems.