Prepare journal entries for haakon

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1) paid the employees monthly salary $2825.

2) paid haakon kiersted $700 for his personal use.

3) paid $60 interest on the note payables.

4) signed a three year contract to lease office space for $2140 per month. Paid the first and last month rent in cash. ( hint the payment for the final month rent should be considered an asset and be recorded in prepaid rent.)

5) Haakon kiersted the owner invested $35000 cash in the company. He also invested equipment that has orginally cost Haakon $25000 but was currently worth $12000.

6) hired one employee to work in the office for a monthly salary of $2825.

Problem 1: Prepare journal entries

Reference no: EM132688660

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