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

question 63

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.
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 .

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Definitions:

Work Attire

Work attire is the clothing and accessories deemed appropriate for the workplace, which can vary greatly depending on the organization's culture and industry.

Approach-avoidance Conflict

A psychological struggle experienced when an individual is attracted to and repelled by the same goal or option.

Negative Alternatives

Options in decision-making that are less desirable or have potential negative outcomes.

Intergroup Conflict

Intergroup conflict occurs among groups in an organization.