Please provide the journal entry for the following transactions:
E.1:
Feb 2. Stockholders invest $50,000 cash in a multimedia corporation, Bethesda Inc.
Feb 5. Bethesda Inc. purchases $10,000 of supplies from OfficeMax by signing a 2-month, 10% note payable.
Feb 9. Bethesda Inc. disburses $500 for administrative staff wages.
E.2:
Feb 11. Bethesda signs a contract to produce software for Epic Games to be delivered on April 1st. In return, Epic Games has agreed to pay 30,000 upon delivery of the software.
Feb 12: Bethesda Inc. pays $15,000 for a 3-month lease for office-space for operations. Note: That this lease begins on Feb 1st.
Feb 15: Bethesda Inc. purchases a 2-year insurance policy, paying $12,000 cash effective Feb 1st.
OPTIONAL E.3:
Provide the adjusting entries for Bethesda Inc. Note that the following is the only supplemental information and all other information is provided above.
Following an evaluation of the supplies inventory, Bethesda Inc. has $2,000 of supplies remaining as-of Feb 28.
