Prepare general journal entries for the transactions listed

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Reference no: EM131807452

Feel-Good Custom Clothiers started business April 1, 2013. Required: Prepare general journal entries for the transactions listed below.

Write your journal entries by the number listed beside each transaction. Issued 4,000 shares of capital stock for $15,000 cash.

Leased building space, paying 12 months rent of $4,000 in advance.

Rented equipment at a cost of $100 per month, paying $100 upon signing the rental agreement.

Purchased supplies, on account $600.

Recorded sales on account, $800. Paid wages, $500.

Paid two-year insurance premium in advance, $900. Record wages, $500.

Paid for half of supplies purchased in.

Reference no: EM131807452

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