Junebug’s Workshop started their operations in March 2017. Prepare journal entries for the following transactions for the month of March A) Paid $84,000 cash for rent for the following 6

Junebug’s Workshop started their operations in March 2017. Prepare journal entries for the following transactions for the month of March A) Paid $84,000 cash for rent for the following 6 months B) Purchased $300,000 of inventory on credit. C) Sold and invoiced goods to a client for $95,400. The cost of the goods sold was $48,000. D) Paid $90,000 in cash for an advertising campaign that will run over the next two months E) Paid $24,000 in cash for supplies to have on hand F) Collected $60,000 from accounts receivable. At the end of March, the following information is available – adjust some of the previous entries based off of this information G) At the end of March, $19,200 supplies remained on hand. H) Rent paid for transaction A is for a lease that began on March 1. I) At the end of March, 1/3 of the advertising campaign from transaction D was completed

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