Business, 21.10.2020 16:01 madiiiiiii69
T. James, owner, invested $20,000 cash in Sustain Company in exchange for common stock. 2 The company purchased $13,000 of furniture made from reclaimed wood on credit. 3 The company paid $2,400 cash for a 12-month insurance policy on the reclaimed furniture. 4 The company billed a customer $12,000 in fees earned from preparing a sustainability report. 12 The company paid $13,000 cash toward the payable from the June 2 furniture purchase. 20 The company collected $12,000 cash for fees billed on June 4. 21 T. James invested an additional $19,000 cash in Sustain Company in exchange for common stock. 30 The company received $14,000 cash from a client for sustainability services for the next 3 months. Prepare general journal entries for the above transactions.
Answers: 3
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The stock market is -the section of the newspaper where you learn how much a stock is worth -a place where you buy and sell stock -an organized way for people to buy and sell stocks -the same as a brokerage firm
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T. James, owner, invested $20,000 cash in Sustain Company in exchange for common stock. 2 The compan...
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