Question
Can Someone help me with this please, if possible show steps please. Instructions : Journalize each transaction, identify each transaction its number. Leave out journal
Can Someone help me with this please, if possible show steps please.
Instructions: Journalize each transaction, identify each transaction its number. Leave out journal explanations. Be sure to prepare the entries in good form and proper format.
Transactions for the Petson Company for the month of November are presented below:
1. Stockholders invested an additional $40,000 cash in the business.
2. Purchased land costing $18,000 for cash.
3. Purchased equipment costing $45,000 for $4,500 cash and the remainder on credit.
4. Purchased supplies on account for $800.
5. Paid $3,000 for a one-year insurance policy.
6. Received $2,000 cash for services performed.
7. Received $5,000 for services previously performed on account.
8. Paid wages to employees for $2,500.
9. Paid dividends to stockholders of $400.
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