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

question 36

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.
Mar. 1 Investors opened a dance school, called Yolonda's Dance Studio, by depositing $\$ 15,000$ into a business bank account in exchange for 15,000 shares of $\$ 1$ par value stock.
2 Paid three months' rent in advance, $\$ 1,800$ .
4 Hired a part-time assistant, to be paid $\$ 250$ per week, starting next week.
6 Purchased sound equipment for $\$ 2,000$ . Paid $\$ 400$ in cash, the remainder to be paid in installments of $\$ 800$ every two weeks.
8 Signed up five students, who will begin lessons on March 10, at $\$ 80$ per week per student.
17 Received the first week's tuition from four students; the fifth student will remit payment in three days.
17 Paid the assistant his first week's wages.
20 Received payment from the fifth student.
21 Paid the first installment on the sound equipment purchased on March 6.
23 Received an electric bill of $\$ 100$ , to be paid April 1 .
$In the journal provided,prepare journal entries (in good form)for the following transactions.If no entry is required,write no entry. Omit explanations. Mar. 1 Investors opened a dance school, called Yolonda's Dance Studio, by depositing \$ 15,000 into a business bank account in exchange for 15,000 shares of \$ 1 par value stock. 2 Paid three months' rent in advance, \$ 1,800 . 4 Hired a part-time assistant, to be paid \$ 250 per week, starting next week. 6 Purchased sound equipment for \$ 2,000 . Paid \$ 400 in cash, the remainder to be paid in installments of \$ 800 every two weeks. 8 Signed up five students, who will begin lessons on March 10, at \$ 80 per week per student. 17 Received the first week's tuition from four students; the fifth student will remit payment in three days. 17 Paid the assistant his first week's wages. 20 Received payment from the fifth student. 21 Paid the first installment on the sound equipment purchased on March 6. 23 Received an electric bill of \$ 100 , to be paid April 1 .$

Definitions:

Transcription

The synthesis of RNA from a DNA template.

Polypeptide Chain

A series of amino acids linked together by peptide bonds, forming part of or the whole primary structure of a protein.

mRNA

Messenger RNA, a type of RNA that carries genetic information from DNA to the ribosome, where it serves as a template for protein synthesis.

Ribosome

A cellular organelle composed of RNA and proteins, found throughout the cytoplasm in cells, which is involved in decoding the mRNA to produce proteins.