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

question 85

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.

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Definitions:

Symbolic Interactionist

An approach in sociology that focuses on the significance of human communication, the symbols and language individuals use to create and interpret social realities.

Functionalist

An approach in sociology and anthropology which views society as an organized framework with parts that are linked to each other, aiming to address the biological and social necessities of the individuals within that society.

Recall

The act of retrieving information or memories from one's past.

Short Answer

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