180 on january 8 damien lawson transfers ownership of several pieces of office equip 4324388

180.  On January 8, Damien Lawson transfers ownership of several pieces of office equipment to his new business,JumpStart. When new, these items were worth $72,500. The fair market value of the equipment is $60,000.Journalize this transfer.

181.  On August 30, JumpStart incurred the following expenses:

Payment to the landlord for August rent – $2,300

Payment to the Gas & Electric Company for August’s bill ­ $525Payment of employee wages for the last half of August – $1,750Payment of shopping center’s parking lot cleaning fee ­ $275

Journalize these payments as one compound journal entry.

182.  On October 30, Damien Lawson withdraws $3,330 from JumpStart for personal use. Journalize this event.

183.  For the following, mark a “D” if the following account normally has a debit balance and mark a “C” if the followingaccount normally has a credit balance.

   1. Notes Payable

   2. Mortgage Payable

   3. Drawing

   4. Accounts Receivable

   5. Capital

   6. Rent Revenue

   7. Unearned Income

   8. Utility Expense

   9. Automobiles

184.