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9. Prepare JOURNAL ENTRIES for the following transactions (12 Points) (1). Letty's Dry Cleaning incorporated and started business on January 1, 2017. Letty's Dry Cleaning
9. Prepare JOURNAL ENTRIES for the following transactions (12 Points) (1). Letty's Dry Cleaning incorporated and started business on January 1, 2017. Letty's Dry Cleaning began business by depositing $30,000 in a checking account in the name of Letty's Dry Cleaning, Inc. for which common stock is issued. (2). Letty's borrowed $6,000 notes from City Bank. (3). Letty's received the utility bill, $500. Letty's will pay the bill next month. (4). Letty's paid dividends to the stockholders, $2,140
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