Four transactions that occurred during June are listed below. a. June 1: Issued common stock to several
Question:
a. June 1: Issued common stock to several investors for $100,000.
b. June 8: Purchased equipment for $16,800 cash.
c. June 15: Made cash sales of $23,200 to customers.
d. June 29: Paid a $4,500 dividend to stockholders.
Required:
Prepare journal entries for the transactions.
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Journal Date Account and Explanation Debit Credit June 1 Cash 100000 Common Stock 100000 Reco...View the full answer
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