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6. Journal entries. Record each of the following transactions in general journal format. a. Issued 50,000 shares of $1 par capital stock for $35 each.
6. Journal entries. Record each of the following transactions in general journal format. a. Issued 50,000 shares of $1 par capital stock for $35 each. b. Billed customers for services provided, $10,000. c. Purchased supplies on account, $3,000. d. Paid monthly utility bill, $1,500 e. Verified 20 percent increase in market price of stock. f. Paid wages for the current month, $6,000. g. Purchased equipment with a list price of $50,000 by making a 20 percent down payment and financing the remainder with a six-month, 12 percent note payable. h. Collected cash from customers, $5,000. i. Paid vendors, $1,400. j. Recorded one month's accrued interest on note payable
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