Reference no: EM131215531
Provide the correct journal entries.
1. Stockholders invest an additional $19,000 in the business.
2. Purchased supplies on account (did not pay cash) $800.
3. Paid office rent of $600 for the month.
4. Completed a consulting assignment and billed ABC Co. $1,700 for services rendered.
5. Received $2,900 cash advance from Anthony Inc. on future consulting services.
6. Completed a consulting assignment and received $2,400 for the services performed.
7. Paid for insurance coverage for the year (January through December) $1,800.
8. Received $1,000 from ABC Co. (see transaction #4).
9. Paid secretary $2,500 for five weeks from 12/29/2014 - 1/30/2015.
10. Declared and paid a dividend to stockholders of $400.
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