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Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $14,500. March 5 Obtain $7,700 loan from the
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $14,500. March 5 Obtain $7,700 loan from the bank by signing a note. March 10 Purchase construction equipment for $18,500 cash. March 15 Purchase advertising for the current month for $1,100 cash. March 22 Provide construction services for $16,700 on account. March 27 Receive $11,700 cash on account from March 22 services. March 28 Pay salaries for the current month of $4,700. Required: Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Sto Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Issue common stock for $14,500. Note: Enter debits before credits. Date General Journal Debit Credit March 01
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