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E2-11 Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $21,000. March 5 March 10 March 15
E2-11 Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $21,000. March 5 March 10 March 15 March 22 March 27 March 28 Obtain $9,000 loan from the bank by signing a note. Purchase construction equipment for $25,000 cash. Purchase advertising for the current month for $1,100 cash. Provide construction services for $18,000 on account. Receive $13,000 cash on account from March 22 services. Pay salaries for the current month of $6,000. Required: Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.
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