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Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following
Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following events. Transaction 1: Sept. 4: Elisa Carle takes out a bank loan of $150,000 in the name of the business. Transaction 2: Sept. 10: Elisa Carle purchases inventory for $76,000 in cash. Requirement: Enter the journal entries in the following format: Transaction 1: Blank 1: Debit account Blank 2: Credit account Blank 3: $-amount (only plain number, without $-sign, comma or space) 1
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