Question: of Using the template below record the journal entries for the following transactions in proper format; including explanations. a) The owner invested $30,000 in cash

of Using the template below record the journal entries for the following transactions in proper format; including explanations. a) The owner invested $30,000 in cash and a vehicle that had a fair value of $20,000. The vehicle was originally purchased by the owner for $30,000 b) Completed a $3,000 project for a client who will pay within 30 days. c) Received a partial payment of $1,000 for the work completed in part b. d) Signed a contract to complete work for a client starting next month. e) Paid a $500 deposit for an advertisement to be published next week in the local paper. The balance of the Unearned Revenue account is Debit Unearned Revenue Dr 1,000 600 CR 2,090 Select one: True False
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