Question: Prepare journal entries for each of the following selected transactions.
a. On January 15, Kolby Anderson opens a remodeling company called Fancy Kitchens by investing $75,000 cash along with equipment having a $30,000 value.
b. On January 21, Fancy Kitchens purchases office supplies on credit for $650.
c. On January 25, Fancy Kitchens receives $8,700 cash for performing remodeling services.
d. On January 30, Fancy Kitchens receives $4,000 cash in advance of providing remodeling ser vices to a customer.