Prepare journal entries

Prepare journal entries. Be sure all dates agree with the problem and are not today’s date:

For 6/1/2015:

  • Go to + for making journal entries:  opening equity and title equity as EQUITY.
  • 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, add new vendor 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 6/31/2015 for Bill Mak

For 6/30/2015:

  • Pay #1 Employee, add new employee #1 Employee, for $3,000 for purchase of supplies which are other current assets, inventory
  • In side panel memo of cash write: Payroll expense to #1 Employee for month of June 2015