How would I post these to the general journal?
Jan. 1
Investors provided $12,000,000 of cash in exchange for stock of The Wild
Corporation.
Jan. 1
Purchased equipment in exchange for $500,000 cash and a $1,500,000
note payable at an annual rate of 12%, payable every 6 months.
Jan. 1
Purchased $60,000 of insurance that will cover the next 4 years. This was
recorded as prepaid insurance.
Feb. 1
Purchased $12,000 of office supplies on account that will be needed during
the upcoming year.
Mar. 15
Paid Salaries of $25,000
Mar. 31
Billed customers for services in the amount of $100,000.
Apr. 15
Paid the vendor who sold Wild the office supplies on Feb. 1.
Apr. 30
Collected $75,000 on accounts receivable.
June 15
Paid salaries of $30,000.
June 30
Paid $5,000 for hotel costs.
June 30
Paid $13,000 for transportation costs incurred by staff.
June 30
Paid the interest due and $150,000 to reduce the balance of the note
payable.
July 1
Billed customers for services provided in the amount of $340,000.
Aug 1
Collected $110,000 on accounts receivable.
Aug. 15
Purchased $12,000 of office supplies on account.
Sept. 15
Paid salaries of $30,000.
Sept. 30
Paid $14,000 for transportation costs.
Sept. 30
Paid $23,000 for hotel costs incurred by staff.
Dec. 1
Collected $195,000 as deposits from customers who contracted for 2019.
Dec. 31
Declared and paid a $36,000 dividend to shareholders.
