Reference no: EM132906849

Question - During January 2020, Orgonite Wellness Clinic completed the following transactions:

Jan 1 Orgonite received $50,000 cash and issued common shares to shareholders.

Jan 4 Purchased supplies, $5,000, and equipment, $2,500 on account.

Jan 5 Performed checkup services, and received cash, $2,500.

Jan 7 Paid cash to acquire land for an office site, $25,000.

Jan 11 Performed a therapy session, and billed the customer $2500.

Jan 16 Paid for the equipment, purchased Oct 4 on account.

Jan 17 Paid the telephone bill, $150.

Jan 18 Received partial payment from client on account, $2000.

Jan 22 Paid the water and electricity bills, $500.

Jan 29 Received $5,000 cash for conducting a workshop on "Healthy Living".

Jan 31 Paid employee salary, $4,000.

Jan 31 Declared and paid dividends of $4,500.

Requirement - Record each transaction in the journal. Key each transaction by date.