Acme, Inc. - Normal journal entries for the month of December, 2018:
Dec	1	Issued 65,000 shares of common stock for $14 per share.
Dec	1	Paid December rent of $7,500.
Dec	1	Issued $200,000 bonds at face with an interest rate of 10% due in 5 years.
Dec	3	Purchased $350,000 of inventory terms 1/10, net 30.
Dec	5	Sold land at cost for cash, $20,000
Dec	8	Sold equipment with original cost of $60,000 and accumulated depreciation of
		$35,000 for $18,000 cash.
Dec	9	Purchased equipment for $50,000 cash.
Dec	10	Sold inventory on account for $340,000 with a cost of $160,000, terms 2/15, net 30.
Dec	11	Paid for merchandise inventory that was purchased on December 3rd.
Dec	15	Paid utilities, $1,700.
Dec	18	Wrote off uncollectible accounts, $18,000.
Dec	19	Received payment in full for sale on December 10th.
Dec	31	Declared and paid cash dividend of $0.40 per share.
Dec	31	Paid wages and salaries of $9,200.