Follow the format shown here when recording journal entries below:

3/1 Cash 50,000

Molly- Capital Acct 50,000
Explanation - Open daycare

3/2 Furniture 11,000

Cash 11,000
Explanation - purchase of furniture

3/2 supplies 1,450

Accounts payble 1,450
Explanation - Adjusting entry for employee wages owed

3/8 Petty cash fund 400

Cash 400
Explanation - starting petty cash fund

3/12 Misc. Expense 350

Cash 350
Explanation - purchase of snacks for daycare

3/13 Advertising expense 505

cash 505
Explanation - purchased ad in paper

3/15 Cash 4,000

Accounts receiveable 3,350
Sales Revenue 7,350
Explanation - recording revenue collected in cash and on account

3/15 Wages expense 3,000

Federal income tax payable 337
State income tax tax payable 130
social secutiry tax payble 186
medicare tax payable 44
Life insurance Payable 65
Cash 2,052
Explanation - weekly wages earned by employees

3/15 Pay roll taxes expense 3,000

Futa tax payable 18
suta tax payable 162
social secutiry tax payble 186
medicare tax payable 44
Explanation - weekly payroll taxes owed
3/17 Accounts payable 800
cash 800
Explanation - paid toward may 2 account for supplies

3/19 Cash 1,200

Accounts receiveable 1,200
Explanation - received money owed

3/22 Cash 2,000

Unearned revenue 2,000
Explanation - paid for services in advance

3/23 life insurance payable 65

cash 65
Explanation - payble witheld from employee wages remitted to insurance company

3/24 supplies 157

postage 83
misc. expense 65
cash 305
Explanation - replenish petty cash fund

3/25 Cash 1,325

Accounts receiveable 1,325
Explanation - received money owed

3/29 Rents expense 1,620

Telephone expense 220
utility expense 315
Cash 2,155
Explanation - payment of expenses

3/30 Wages expense 3,500

Federal income tax payable 389
State income tax tax payable 156
social secutiry tax payble 217
medicare tax payable 51
Life insurance Payable 70
Cash 2,617
Explanation - weekly wages earned by employees

3/30 Pay roll taxes expense 478

Futa tax payable 21
suta tax payable 189
 social secutiry tax payble 217
medicare tax payable 51
Explanation - weekly payroll taxes owed

3/31 Cash 7,600

Accounts receiveable 1,600
Sales Revenue 9,200
Explanation - recording revenue collected in cash and on account

3/31 Cash 7,600

Accounts receiveable 1,600
Sales Revenue 9,200
Explanation - recording revenue collected in cash and on account

3/15 Molly Fabrizio Drawing 4,000

Cash 4,000
Explanation - owner withdrawal