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Every journal entry tells a story. Please describe each of the following 4 transactions (2 points each for a total of 8 points): 1. Buildings
Every journal entry tells a story. Please describe each of the following 4 transactions | |||||||
(2 points each for a total of 8 points): | |||||||
1. Buildings | 30,000 | ||||||
Common Stock | 30,000 | ||||||
2. Salaries Payable | 15,000 | ||||||
Cash | 15,000 | ||||||
3. Land | 90,000 | ||||||
Cash | 90,000 | ||||||
4. Unearned Revenue | 5,000 | ||||||
Service Revenue | 5,000 |
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