Please help me with journal entries and adjusting entries. I was told there are 7 adjusting entries.1/1 Joe Jones started a new business called Joe’s Landscaping Service. Inc. The company issued 100,000 shares of stock, par $1, for $100,000. The $100,000 was deposited in a bank account.1/1 Purchased a truck for $12,000, no salvage value, useful life 5 years, for cash.1 / 2 Purchased a 3 year insurance policy for $3,600 cash.1 / 3 Purchased land $10,000; paid $ 5,000 down, gave a non-interest bearing note payable for thebalance1 / 15 Signed a contract to perform landscaping for $48,000. The job will take 2 months and we are paid at the beginning of the job.1 / 15 Signed a contract to perform landscaping for $40,000. The job will take 2 ½ months and we are paid at the end of the job.1/15 Purchased a computer for $ 3,600, no salvage value, life 3 years.1 / 20 Purchased office supplies for $ 2,000 on accountAdditional Information: On 1/31, owed $600 wages and office supplies on hand totaled$ 1,500.
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