Reference no: EM13868252
Jennifer opened a day care called Jennifer’s Playtime and had the following transactions. Record the journal entries in debit/credit format
Jennifer contributed the following to the business in exchange for $13,600 in common stock. Cash $5,700; computer equipment $4,300; office equipment $3,600
Paid the rent in cash $400
Paid for an advertisement that ran during the month of $250
Received applications from students
Purchased supplies on credit $330
Billed the enrolled students $1,750
Purchased furniture $2,500 on credit
Paid for the supplies in (e)
Paid cash to repair computer equipment $100
Received payment from students previously billed for tuition $1,750
Paid the utility bill for the current month $300
Paid salary $2,300
Declared and paid a dividend $500
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