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ANSWER GRID (ONLY ANSWERS WITHIN THE GRID WILL BE GRADED): July 2 The Corporation issues $200,000 of common stock to investors. Date Account Name Debit

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ANSWER GRID (ONLY ANSWERS WITHIN THE GRID WILL BE GRADED): July 2 The Corporation issues $200,000 of common stock to investors. Date Account Name Debit Credit July 10 The Corporation performs work for a client and is paid $12,500. Debit Credit Account Name Date July 12 The Corporation buys $8,000 of supplies at Office Depot, and pays Cash. Account Name Credit Debit Date July 15 The Corporation buys a delivery van for $30,000. It makes a $5,000 down payment and sign promissory note for the remainder. Credit Debit Account Name Date

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