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A general journal entry for the month of october needs to be build - -- - 3 A AaBbCcDd AaBbCcDd AaBbCD AaBb CcDc AaBb CcDc
A general journal entry for the month of october needs to be build - -- - 3 A AaBbCcDd AaBbCcDd AaBbCD AaBb CcDc AaBb CcDc 1 Normal 1 No Spac.. Heading 1 Heading 2 Heading 3 Paragraph Styles snhu Accounting Data Appendix he following events occurred in October: October 1: The business owner used $25,000 from their personal savings account to buy common tock in their company. October 1: Purchased $8,500 worth of baking supplies from vendor, on account. October 3: The company borrowed $10,000 in cash, in exchange for a two-year, 6% note payable. nterest and the principal are repayable at maturity. October 7: Entered into a lease agreement for bakery space. The agreement is for one year. The Fent is $1,500 per month; the last month's rent payment of $1,500 is required at the time of the Jease agreement. The payment was made in cash. Lease period is effective October 1 of this year through September 30 of the next. October 10: Paid $375 to the county for a business license. October 11: Purchased a cash register for $250 (deemed to be not material enough to qualify as depreciable equipment). October 13: The owner has baking equipment, including an oven and mixer, which they have been using for their home-based business and will now start using in the bakery. You estimate that the equipment is currently worth $5,000, and you transfer the equipment into the business in exchange for additional common stock. The equipment has a five-year useful life. L. Denne 25
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