Problem 1
Record the following journal entries below.
Date	Event
1/2/10	Amanda Smith invested $20,000 cash in capital stock of newly formed corporation
1/4/10	Purchased equipment on account for $15,000. Note that when you see on account it means the customer will pay later.
1/12/10	Received $30,000 from customers for services rendered.
1/15/10	Received a bill for construction supplies used in the amount of $4,000.
1/18/10	Provided $6,400 of services on account.
1/20/10	Paid employees $4,600 for wages earned.
1/22/10	Collected the amount due for work provided on January 18.
1/23/10	Paid the amount due on equipment purchased on January 4.
1/25/10	Purchased (and used immediately) construction supplies for cash in the amount of $1,200.
1/31/10	The company paid Amanda Smith a $3,000 dividend