In the month of March, Peter Wells Consulting entered into the following transactions: 2 Bought a new building for $135000. 3 Paid February utility bill of $860. 11 Issued shares to investors in return for $5000 cash. 13 Hired a new administrative assistant for an annual salary of $85000 salary. 19 Received payment in the amount of $750 for service billed in February. 31 Paid dividends of $1000. Required Prepare all necessary journal entries for March (omitting explanations).

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Required solution Administrative assistant salary was first recognised as salary expenses a... View the full answer