Question: journal entry Spas for US Prepare the required journal entries in good form for the company based on the information provided. If no entry is

Spas for US Prepare the required journal entries in good form for the company based on the information provided. If no entry is required, please make sure to note this and explain why no entry is required. Event 1 2 3 Date Transaction 01-May You give your business $1000 for 100 shares in the business. 01-May You hire two assistants each for $1000 each month. The assistants are paid on the last day of each month. 01-May Your monthly rent is $2500 per month and is due the first day of each month. Rent is paid in cash. 31-May Your company provides services to 5 clients during the month The bills to these clients are $1,500. $1,150 are paid by May 31. 31-May The assistants are paid. 4 5 ulation rough sheet O 3 4 5 assistants are paid on the last day of each month. 01-May Your monthly rent is $2500 per month and is due the first day of each month. Rent is paid in cash. 31-May Your company provides services to 5 clients during the month The bills to these clients are $1,500. $1,150 are paid by May 31. 31-May The assistants are paid. 01-Jun Rent is due and paid. 10-Jun The remaining spa services invoices are received in cash. 30-Jun The company provides spa services to 10 clients during the month. The bills to these clients are $3,200. All bills were paid by the end of the month. 30-Jun The assistants are paid. 01-Jul Rent is due and paid. 6 7 8 9 10
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