Prepare in proper form journal entries for the following transactions. Omit explanations.October
ASSIGNMENT 08 Part A (20 points) Prepare in proper form journal entries for the following transactions. Omit explanations.October 2 Owner made a cash investment into the company $5,000 8 Bought supplies on account $100. 10 Paid salaries, $700 15 Paid for supplies purchased on October 8 21 Received company telephone bill, to be paid later, $30Part B (5 points each for a possible total of 50 points) Part B (5 Points) Record the following selected transactions for January in a two-column journal, identifying each entry by letter:(a) Earned $7,000 fees; customer will pay later. (b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit (c) Paid $3,000 for rent for January. (d) Purchased $2,500 of supplies on account. (e) A. Allen $1,000 investment in the company. (f) Received $7,000 in cash for fees earned previously. (g) Paid $1,200 to creditors on account. (h) Paid wages of $6,250. (i) Received $7,150 from customers on account. (j) A. Allen withdrawal of ...