Question

28 Mark Moninger has a corporation and began a business as an appliance technician in November. During that month, he completed the following transactions. Prepare Joumal entries in proper form. Denote your journal entry with the letter of the transaction 6. Invested $19.000 of cash, as well as $1840 worth of supplies, into his business in exchange for common stock b. Went to Home Depot and purchased $850 of equipment on account Purchased $1200 of sunce coverage, however that insurance will not begin coverage until December 15th or the next month. в Ig s E 3 1 !!!! A

Answer 1

SL No	Particulars	DR	CR
a)	Cash Supplies Common Stock (Received cash and supplies in exchange for common stock)	19000 1840	20840
b)	Equipment Home depot (Accounts Payable) (Purchase of equipment on credit.)	850	850
c)	Prepaid Insurance Cash (Purchase of insurance coverage before coverage starting)	1200	1200