Prepare general journal entries for the following transactions of Sustain Company. June 1 T. James, owner, invested $11,000 cash in Sustain Company in exchange for common stock. 2
furniture made from reclaimed wood on credit. The company paid $600 cash for a 12-month prepaid insurance policy on the reclaimed furniture. The company billed a customer $3,000 for sustainability services provided. The company paid $4,000 cash toward the payable from the June 2
furniture purchase. 20 The company collected $3,000 cash for services billed on June 4.
21 T. James invested an additional $10,000 cash in Sustain Company in exchange for common stock. 30 The company received $5,000 cash in advance of providing sustainability services to a ​
The company purchased $4,000 of