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Make general journal entries to record the transactions

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Question - The following are six special transactions.

1. David Warner commenced business contributing Cash $15,000, Furniture and Equipment $55,000 and a Bank loan $35,000.

2. Wages due but not paid at balance date $1420.

3. Prepaid Insurance $125.

4. Interest earned but not yet received $27.

5. Depreciation - Motor Vehicles $1,950.

6. Rent received in advance $280.

Required - Make General Journal entries to record the above transactions.

Reference no: EM133111168

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