Prepare general Journal with these transactions. BUS 145 Take-home Assignment - Fall 2023 BIG WAVE DAVE BOARD

Prepare general Journal with these transactions.

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BUS 145 Take-home Assignment - Fall 2023 BIG WAVE DAVE BOARD REPAIR SERVICES LTD. UNIVERSITY FRASER VALLEY Dave Scott opened Big Wave Dave Board Repair Services Ltd. in June 2023. During June the following transactions were completed: June 1 Dave invested $24,000 cash in the business for 1,000 common shares. June 1 Purchased used board repair equipment for $26,000, paying $4,000 cash and the balance placed on account (the equipment had a list price of $27,000). June 1 Paid $500 for the June rent. June 3 Purchased board repair supplies for $1,800 on account. June 5 Purchased $2,400 on a 1-year insurance policy, effective June 1st. June 12 Billed (invoiced) customers $3,800 for repair services done in June. June 18 June 20 Paid $3,000 of the amount owed on equipment, and $400 of the amount owed on repair supplies. Paid $1,600 for employee salaries. June 21 Collected $1,400 from customers billed on June 12. June 25 Billed customers $3,000 for repair services. June 30 Received the utilities bill for June, $150, to be paid in July. June 30 Declared and paid a $500 cash dividend. BUS 145 Take-home Assignment - Fall 2023 BIG WAVE DAVE BOARD REPAIR SERVICES LTD. UNIVERSITY FRASER VALLEY Dave Scott opened Big Wave Dave Board Repair Services Ltd. in June 2023. During June the following transactions were completed: June 1 Dave invested $24,000 cash in the business for 1,000 common shares. June 1 Purchased used board repair equipment for $26,000, paying $4,000 cash and the balance placed on account (the equipment had a list price of $27,000). June 1 Paid $500 for the June rent. June 3 Purchased board repair supplies for $1,800 on account. June 5 Purchased $2,400 on a 1-year insurance policy, effective June 1st. June 12 Billed (invoiced) customers $3,800 for repair services done in June. June 18 June 20 Paid $3,000 of the amount owed on equipment, and $400 of the amount owed on repair supplies. Paid $1,600 for employee salaries. June 21 Collected $1,400 from customers billed on June 12. June 25 Billed customers $3,000 for repair services. June 30 Received the utilities bill for June, $150, to be paid in July. June 30 Declared and paid a $500 cash dividend.