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??? Following are the transactions of JonesSpa Corporation, for the month of January: a. Borrowed $18000 from a local bank, the loan is due in
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Following are the transactions of JonesSpa Corporation, for the month of January: a. Borrowed $18000 from a local bank, the loan is due in 9 months b. Lent 512,100 to an affilate; accepted a note due in one year c. Sold to investors 90 addeional shares of stock with a par value of $010 per share and a market price of $20 per share, recelved cosh d. Purchased $20.000 of equipnent. paying $8.400 cash and signing a note for the rest due in one year. e. Deciared 59,900 in cash dividends to stockholders, to be paid in February. Piepare the journal entry to record each of the above transactions for the month of January. Note: If no entry is required for o tronsoction/event, select "No joumal entry required" in the first account field. Journal entry worksheet 2.3.45 Fecord the receipt of the bank ban of 518,000 . Fuike finter debtowlofinien treilit. Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $18,000 from a local bank the loan is due in 9 months. b. Lent $12,100 to an affiliate, accepted a note due in one year. c Sold to investors 90 additional shares of stock with a par value of $010 per share and a market price of $20 per share; received cash d. Purchased $20,000 of equipment, paying $8.400 cash and signing a note for the rest due in one yeat. e. Declared 59,900 in cash dividends to stockholders, to be paid in February. Prepare the foumal entry to record each of the above transactions for the month of January. Note: If no entry is required for o transoction/event, select "No journal entry required" in the first occount field. Journal entry worksheet Step by Step Solution
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