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1) Complete the journal entries for the following financing transactions involving owners. A farmer contributes her personal computer, worth $1,000, to her farm business. A
1) Complete the journal entries for the following financing transactions involving owners.
- A farmer contributes her personal computer, worth $1,000, to her farm business.
- A farmer pays a personal credit card debt for $200 with cash earned by the farm business.
- A farmer deposits $350 from a garage sale of personal items into the farm checking account.
- A farmer receives $10,000 from a relatives estate sale for use in his farm business.
- A farmer pays $100 for groceries with the farm checking account.
- Utilities of $65 for the farmers house is paid with a check from the farms checking account.
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