1/15 PBP purchased a camera fromGood Co. on account for $3000. The useful life is 5 years.
1/24 PBP purchased acomputer for $756. The useful life is 3 years.
1/26 PBP purchased a photoprinter for $1200. The useful life is 2 years.
1/26 PBP purchased photo suppliesfor $500.
1/31 PBP received a $300deposit from Mr. Moy to provide photography services at his weddingon February 4
2/6 PBPdelivered photos to Mr. Moy and billed Mr. Moy for the finalpayment of $200.
2/8 PBP paid$1000 to Good Co.
2/14 PBP provided photo servicesto Sweet Hearts Anonymous at the Valentines Day dance and received$250.
2/21 PBP was hired to takephotos at a sports banquet to be held on March 15th. Theprice was $1000 plus travel expenses with a down payment of$250.
2/22 PBP purchased photossupplies for $800 from Photo Chemical Company.
2/23 PBP paid $1500 to GoodCo.
2/25 PBP received a phonebill for $86
2/28 PBP paid $500 for amalpractice insurance policy for one year.
2/28 PBP sold additionalphotos taken at the Valentines Day Dance for $450
3/1 PBP paid a$100 deposit to rent a booth at the county fair to be held inJune.
3/3 PBP receivedpayment from Mr. Moy
3/8 PBP paid thephone bill.
3/15 PBP took photos at thesports banquet and billed the customer for the balance. The travelexpenses paid by PBP were $75.
3/19 PBP paid $500 to GoodCo.
3/22 PBP received a phonebill for $98
3/28 PBP received paymentfrom Sports Banquet
3/31 PBP landed a $5000contract to photograph the youth baseball club in April. BPBreceived a down payment of $2000
4/3 PBP paid thephone bill
4/5 PBPpurchased a $9000 photographic copy machine from Good Company onaccount. The useful life is 6 years.
4/12 BPB photographed ½ ofthe baseball club events scheduled for April and billed YBC for$500.
4/21 BPB received a phonebill for $84
4/29 BPB paid $287 for autorepairs that occurred while photographing the remainder of theevents for YBC. BPB billed YBC for $2500 for the workperformed.
5/3 BPB paid thephone bill
5/8 BPB receivedpayment in full from YBC
5/15 BPB paid $1200 to GoodCo.
5/18 BPB obtained permissionto photograph the Nicetown Highschool graduation on May28th.
5/20 BPB purchased $2500 ofPhoto supplies
5/28 BPB photographed thegraduation and received prepaid orders for $3600 of photos.
5/29 BPB received a phonebill for $108
5/31 BPB delivered $1200 ofthe graduation photos.
6/3 BPB paid thephone bill
6/8 BPB paid$1000 to Good Co.
6/15 BPB participated in theCounty Fair with the following results:
Received prepaid orders of $5000 for photos to be delivered bythe July 15th.
Sold prints of prior photos for $1400.
Paid $1500 for the rental of the booth.
Paid $491 for travel expenses.
6/21 BPB delivered theremainder of the graduation photos.
6/27 BPB received a phonebill for $211
6/28 BPB delivered $1800 ofthe photos for the County Fair.
Monica also has a shoebox of gas receipts that totals $782 forher business trips during the 6 months.
Monica has done an inventory count andhas $118 of supplies left in the closet on June 30.
Given the journal entries above, makethe neccessary adjusted journal entries.
