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Prepare the following journal entries in proper journal entry form.

1. Billed a customer for a $2,400 job.

2. Received $4,800 to start an eight-month job, beginning next month.

3. Started a company by contributing equipment worth $5,400, land worth $180,000 and cash of $30,000 into a business checking account.

4. Bought supplies on credit for $1,700.

5. Received $800 for a job he just completed

6. Paid $600 for van repairs.

7. Purchased supplies for $700 in cash.

8. Agreed to do a job for a customer for $700.

9. Received an invoice for a gas bill, $250..

10. Withdrew $4,600 and deposited it into a personal checking account.

11. Purchased another van for $15,000 cash; and a computer for $2,000 on account.

12. Contributed $3,000 of personal funds to the companys cash account.

13. Purchased land worth $18,000,000. Paid $2,700,000 in cash and signed a note payable for the remainder.

14. Paid $9,600 for 3 months rent.

15. Completed a job and billed the client $700.

16. Paid $500 regarding transaction in number 4, above.

17. Paid his assistant $500 for this weeks salary.

18. Paid his assistant for a months work.

19. Paid cash to creditors on account, $100.

20. The first month of the job in number 2 above has passed.

21. One month has passed since transaction number 14 above.

22. Customer paid $5,000 on an $9,000 job just completed.

23. Received payment for the job in number 1, above.

24. Received $13,000 from a customer for a job previously completed.

25. Depreciation on the building for the month was $100,000

Identify with accounts are assets, liabilities, equity, revenue, expenses, mark X for each box.

ACCOUNTS	ASSETS	LIABILITIES	EQUITY	REVENUE	EXPENSE
Services
Insurance
Accounts Payable
Repairs
Depreciation
Cash
Notes Payable
Travel
Utilities
Rent
Land
Supplies
Prepaid Insurance
Buildings
Capital
Unearned Revenue
Advertising
Fees
Accounts Receivable
Drawing
Furniture and Equipment
Wages

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