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Check my wOI 0.9 4 points eBook The following are the mansatlIGNIS LI SPolymer, mC., FOR ME MONUT OI January. a. Borrowed $3,940 from
Check my wOI 0.9 4 points eBook The following are the mansatlIGNIS LI SPolymer, mC., FOR ME MONUT OI January. a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Print References Beg. Bal. Cash 0 Supplies Beg. Bal. 0 a. 3,940 300 d. d. 300 b. 4,630 e. 700 End. Bal. 8,270 Equipment Beg. Bal. 0 C. 1,000 End. Bal. Beg. Bal. a. C. 1,000 Notes Payable (short-term) 0 3,940 800 End. Bal. 1,000 Accounts Payable Beg. Bal 0 e. 700 End. Bal. 700 Common Stock Beg. Bal. 0 b. 4,630
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