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Geen’s Alternations Shop began business as a corporation in 2009. Several transactions which occurred early in 2009 are described below….

Geen’s Alternations Shop began business as a corporation in 2009. Several transactions which occurred early in 2009 are described below. Record each transaction in proper journal form, excluding written explanations. A) Jan. 23, 2009 Stockholders invested $70,000 in the business and received shares of common stock as evidence of ownership. B) Feb. 1, 2009 Rent of $1,600 was paid for the month of February. C) Feb. 7, 2009 Equipment with a cost of $3,000 was purchased on credit; payment is due in 30 days. D) Feb. 14, 2009 Bills totaling $5,400 were presented to customers for alterations projects completed and delivered; $2,900 was collected immediately and the balance of $2,500 is due within 30 days. E) Feb. 18, 2009 Full payment was made for the equipment purchased on Feb. 7th. F) Feb. 22, 2009 $1,900 was collected from customers with balances due from Feb. 14th. G) Feb. 28, 2009 Employee salaries of $3,300 were paid

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