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Following are the ptransactions of Dennen Inc. for the month of January 2 0 2 4 . The effect of these transactions is not included
Following are the ptransactions of Dennen Inc. for the month of January The effect of these transactions is not included in the begininng balances shown.
a Borrowed $ from a local bank by signing a shortterm note.
b Lent $ to an affiliate; accepted a note due in one year.
c Sold additional shares to investors for $ cash.
d Purchased $ of equipment, paying $ cash and signing a note for the rest due in one year.
e Declared $ in dividends to shareholders, to be paid in February.
tableCashNotes ReceivableBeg bal. Beg. bal. EquipmentNotes,PayableBeg bal. Beg. bal. Contributed Capital,Retained,EarningsBeg. bal. Beg. bal.
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