Exercise $2-8$ Preparing journal entries $\frac{?}{{?}_{\frac{?}{?}}}$ A$1$

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.

$2$ The company purchased $$4,000$ of furniture made from reclaimed wood on credit.

$3$ The company paid $$600$ cash for a $12-$month prepaid insurance policy on the reclaimed furniture.

$4$ The company billed a customer $$3,000$ for sustainability services provided.

$12$ 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 customer.