Reference no: EM131622190

Prepare journal entries. Be sure all dates agree with the problem and are not today's date. Assume that Money Market and Cash are the same

For 6/1/2015:

• Deposit $150,000 to Cash
• In side panel memo of cash write: Initial deposit from owner

For 6/3/2015:

• Buys for cash furniture and equipment from Weiss, for $50,000.
• In side panel memo of cash write: For furniture and equipment from Weiss

For 6/10/2015:

• Deposit on bank money market the amount of $40,000 from Pat B, add new customer, Pat B, for Consulting Revenue
• In side panel memo of cash write: Work completed on 6/10/15 for Pat B

For 6/20/2015:

• Pay Wansi, add new vendor Wansi, for $5,000 for purchase of supplies which are other current assets, inventory
• In side panel memo of cash write: For purchase of supplies from Wansi

For 6/30/2015:

• Deposit on bank money market the amount of $120,000 from Bill Mak, add new customer, Bill Mak, for Consulting Revenue
• In side panel memo of cash write: Work completed on 6/30/2015 for Bill Mak

For 6/30/2015:

• Pay #1 Employee, add new employee #1 Employee, for $3,000
• In side panel memo of cash write: Payroll expense to #1 Employee for month of June 2015

Attachment:- Assignment File.rar