Prepare journal entries for the following transactions that occurred during July:
201X
July 1 Jodi Wills invested $90,000 cash and $11,000 of equipment into her new business.
3 Purchased building for $120,000 on account.
12 Purchased a truck from Liberty Co. for $9,000 cash.
18 Bought supplies from McVey Co. on account, $800.