Following are the transactions of Sustain Company. June 1 T. James, owner, invested $14,500 cash in Sustain Co. in exchange for its common stock.
2 The company purchased $7,500 of furniture made from reclaimed wood on credit.
3 The company paid $1,300 cash for a 12-month insurance policy on the reclaimed furniture
4 The company billed a customer $6,500 in fees earned from preparing a SASB-compliant sustainability report.
12 The company paid $7,500 cash toward the payable from the June 2 furniture purchase. 20 The company collected $6,500 cash for fees billed on June 4.
21 The company received $13,500 cash from a sustainable investor group in exchange for common stock.
30 The company received $8,500 cash from a client for sustainability services for the next 3 months.
Prepare general journal entries for the above transactions View transaction list Journal entry worksheet 123 4 5 678 T.
James, owner, invested $14,500 cash in Sustain Co. in exchange for its common stock. Note: Enter debits before credits. Date General Journal Debit Credit June 01

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