Business, 22.09.2020 08:01 uh8hardiek

Following are the transactions of Sustain Company. June 1 T. James, owner, invested $18,000 cash in Sustain Company in exchange for common stock.
2 The company purchased $11,000 of furniture made from reclaimed wood on credit.
3 The company paid $2,000 cash for a 12-month insurance policy on the reclaimed furniture.
4 The company billed a customer $10,000 in fees earned from preparing a sustainability report.
12 The company paid $11,000 cash toward the payable from the June 2 furniture purchase.
20 The company collected $10,000 cash for fees billed on June 4.
21 T. James invested an additional $17,000 cash in Sustain Company in exchange for common stock.
30 The company received $12,000 cash from a client for sustainability services for the next 3 months.

Required:
Prepare general journal entries for the above transactions.

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Following are the transactions of Sustain Company. June 1 T. James, owner, invested $18,000 cash in...

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