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a . Borrowed $ 2 2 , 0 0 0 from a local bank; the loan is due in 9 months. b . Lent $
a Borrowed $ from a local bank; the loan is due in months.
b Lent $ to an affiliate; accepted a note due in one year.
c Sold to investors additional shares of stock with a par value of $ per share and a market price of $ per share; received
cash.
d Purchased $ of equipment, paying $ cash and signing a note for the rest due in one year.
e Declared $ in cash dividends to stockholders, to be paid in February.
Prepare the journal entry to record each of the above transactions for the month of January.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the receipt of the bank loan of $
Note: Enter debits before credits. Record the receipt of the bank loan of $ Record the $ loan to an affiliate and the acceptance of a note due in one year. Record the sale of additional shares with a par value $ per share and a market price of $ per share. Record the $ purchase of equipment with $ cash and the rest on a note due in one year. Record the declaration of $ in cash dividends to the stockholders.
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