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6 / I Issued Common Stock for cash in the amount of $ 1 5 0 , 0 0 0 . 6 / 2 Purchased
I Issued Common Stock for cash in the amount of $
Purchased a small building to be used as a shop. The price was $ : $ paid with cash, the remaining balance was a year Note Payable in the amount of $ The purchase price of $ was allocated to land in the amount of $ and the remaining amount of $ to the shop building. Loan payments are made quarterly; the first payment is due on
A Super HeavyDuty Ford Truck was purchased with special No Money Down" and No Interest" through Ford Credit Corporation. Purchase price was $ and the first payment is due on
Well Drilling Equipment was purchased for $ cash.
Prepaid a month insurance policy. The policy was effective as of June and cost $
Well Drilling Supplies were purchased on a day credit account in the amount of $
Advertised in the weekly Baker City Farm News. Total cost was $ with payment due by July
Hired an employee at $ per month, advising the newly hired employee that pay day will be on the first business day of each month. A drilling bid of $ was accepted by their first customer for a job to start on the contract was signed on
Bid a second job for $ and received a $ cash payment in advance job is to start on contract
Make a journal entry accounting
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