J. Willow started Willow Creek Consulting on January 1, 2025. During January the business completed the following transactions:
- Jan 2 — The owner, J. Willow, opened a business bank account and invested $50,000 cash in the business.
- Jan 4 — Purchased office equipment for $12,000, paying cash.
- Jan 7 — Purchased office supplies costing $3,000 on account from Redwood Supply Co.
- Jan 12 — Completed a consulting project and collected $8,000 cash.
- Jan 18 — Completed a second project for Brightway Ltd. and billed the client $5,500, payable within 30 days.
- Jan 21 — Paid the January office rent of $2,000.
- Jan 25 — Paid Redwood Supply Co. $1,500 of the amount owed for supplies.
- Jan 28 — Received $3,500 from Brightway Ltd. on account.
- Jan 31 — The owner withdrew $1,000 cash for personal use.
Required: Prepare the journal entry for each transaction. Enter the debit line first, then the credit line. Narrations are optional.