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? Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $21,000 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 $21,000 from a local bank, the loan is due in 9 months. b. Lent $7,800 to an affilate, accepted a note due in one year c. Sold to investors 100 additional shares of stock with a par value of $0:10 per share and a market price of $10 per share; received cash. d. Purchased $25,000 of equipment, paying $4,700 cash and signing a note for the rest due in one year. e. Declared $4,100 in cash dividends to stockholders, to be paid in February. For each of the above transactions, indicate the accounts and amounts. A sample is provided Note: Enter decreases to on element of the bolance sheet with a minus sign Step by Step Solution
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