Dec 6 Beacon signs a contract with SCORE Construction to have a warehouse built

on its property. The warehouse will cost $20,000. Beacon will pay SCORE

by issuing $10,000 worth of stock, paying $5,000 in cash and issuing a note

for the balance. HintHas A.L.O.E. been impacted?

Dec 6 Beacon pays $300 for three months of advertising on a website. The ad will

run from Dec 15, 20X1 through March 15, 20X2.

Dec 6 The sister of investor #2 purchases the balance of investor #2s Beacon stock

for $3,000 (see General Journal, Nov 15). Hintremember we are thinking about ALOE from the perspective of the corporation.

I'm trying to figure out what Dec 6 entry would be.

GENERAL JOURNAL (December) Date Explanation Debit Account No. & Title 1 130 PREPAID INSURANCE CreditHints Dec. 1,200 101 CASH 1,200 Dec. 1 157 EQUIPMENT 10,000 101 CASH 5,000 Enter Cash here 5,000 820 INTEREST REVENUE Dec. 1157 EQUIPMENT 2,000 101 CASH 2,000 Dec. 3 120 MERCHANDISE INVENTORY 27,000 101 CASH 201 ACCOUNTS PAYABLE 17,000 10,000 Dec. 3 729 RENT EXPENSE 200 Use an expense account 101 CASH 200 Dec. Dec. 7 201 ACCOUNTS PAYABLE 537 101 CASH 537 Dec. 15 101 CASH 600 208 UNEARNED RENT REVENUE 600 10,000 5,000 Dec. 15 115 NOTES RECEIVABLE Enter Notes Receivable first 101 CASH 140 LA 10,500 GENERAL JOURNAL (December) Date Explanation Debit Account No. & Title 1 130 PREPAID INSURANCE CreditHints Dec. 1,200 101 CASH 1,200 Dec. 1 157 EQUIPMENT 10,000 101 CASH 5,000 Enter Cash here 5,000 820 INTEREST REVENUE Dec. 1157 EQUIPMENT 2,000 101 CASH 2,000 Dec. 3 120 MERCHANDISE INVENTORY 27,000 101 CASH 201 ACCOUNTS PAYABLE 17,000 10,000 Dec. 3 729 RENT EXPENSE 200 Use an expense account 101 CASH 200 Dec. Dec. 7 201 ACCOUNTS PAYABLE 537 101 CASH 537 Dec. 15 101 CASH 600 208 UNEARNED RENT REVENUE 600 10,000 5,000 Dec. 15 115 NOTES RECEIVABLE Enter Notes Receivable first 101 CASH 140 LA 10,500