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Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $13,500. March 5Obtain $7,500 loan from the bank
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $13,500. March 5Obtain $7,500 loan from the bank by signing a note. March 10 Purchase construction equipment for $17,500 cash March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $16,500 on account. March 27 Receive $11,500 cash on account from March 22 services. March 28 Pay salaries for the current month of $4,500. Required: Record each transaction. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.)
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