Dec. 1: Walker contributed $50,000 cash to the business in exchange for shares of common stock. Accounts and Explanation Date Dec. 1 Debit Credit

Dec. 1: Walker contributed $50,000 cash to the business in exchange for shares of common stock. following transactions occurred during December: (Click the icon to (2. (Click the icon to view the transactions.) Adjustment data: (Click the icon to Read the requirements Requirement 1. Prepare the journal entries, and post to the T-accounts. Begin by preparing the journal entries for the December transactions. (Record debits first, then credits. Select the explanation on th Dec. 1: Walker contributed $50,000 cash to the business in exchange for shares of common stock. Dec. 1: Purchased $10,800 of equipment paying cash