Prepare journal entries. Be sure all dates agree with the problem and are not today’s date:
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 CashIn side panel memo of cash write: Initial deposit from ownerFor 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 WeissFor 6/10/2015:Deposit on bank money market the amount of $40,000 from Pat B, add new customer, Pat B, for Consulting RevenueIn side panel memo of cash write: Work completed on 6/10/15 for Pat BFor 6/20/2015:Pay Wansi, add new vendor Wansi, for $5,000 for purchase of supplies which are other current assets, inventoryIn side panel memo of cash write: For purchase of supplies from WansiFor 6/30/2015:Deposit on bank money market the amount of $120,000 from Bill Mak, add new customer, Bill Mak, for Consulting RevenueIn side panel memo of cash write: Work completed on 6/31/2015 for Bill MakFor 6/30/2015:Pay #1 Employee, add new employee #1 Employee, for $3,000 for purchase of supplies which are other current assets, inventoryIn side panel memo of cash write: Payroll expense to #1 Employee for month of June 2015Instructions:Enter above transactions into QuickBooks. To submit: go to homeà reportsà balance sheet and be sure your dates include June 1 to June 30, 2015. Click on the cash link on the balance sheet. Cut and paste just the cash report into a document to submit.