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Due Session 6 Part I Due Session 8 Part II & III Problem Healthy Bites, is an incorporated organic packaged food start-up located in Gowanus, Brooklyn During the first month of operations of the business, the following events and transactions occurred. 2 3 1 A venture capital firm invested $39,000 cash in exchange for common stock. Healthy Bites hired a marketing director at a salary of $1,800 per month. Purchased $1,500 of organic food supplies on account from Keith's Farm. 7 Paid warehouse rent of $1,200 for the month. 11 Sold 15 cases of Healthy Bites product and Joe's Bar $1,700 for product sold. 12 Received $5,000 advance on products to be delivered at a later date. 17 Received cash of $1,500 for product sold to The Ale House 31 Paid marketing director $1,800 salary for the month. Paid 35% of balance due Keith's Farm. The company uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Food Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No. 400 Sales Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense. 31 Instructions (a) Journalize the transactions. (Part I). Part 1 Healthy Bites, Inc General Journal JI Credit Date Account Titles and Explanation Ref Debit Cash 101 1-May Common Stock 311 2-May 3-May 7-May 11-May 12. May 17-May 31-May 31-May Ball 2020

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