What are the correct journal entries and adjusting entries for
the below transaction? I'm having trouble identifying the journal
and adjusting entries in 'bank situations'. The textbook doesn't
come with answers.
01-January-2016
Open business bank account with transfer of personal funds
$210,000
02-January-2016
EFT for rental of office space. Immediate occupancy. 60 months
at $3500 per month.
$210,000
11-January-2016
Office equipment purchased for cash to get discount from the
retail price of $56,000.
$50,000
11-January-2016
The office equipment will be...