Four transactions that occurred during June are listed below. a. June 1: Issued common stock to several

Question:

Four transactions that occurred during June are listed below.
a. June 1: Issued to several investors for $83,000
b. June 8: Purchased equipment for $12,800 cash
c. June 15: Made cash sales of $21,400 to customers
d. June 29: Issued a $6,500 to stockholders
Required:
Prepare journal entries for the transactions. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...