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Following the transaction of jones spa, 24,500, 8900, 70, 0.10 Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $24.500
Following the transaction of jones spa, 24,500, 8900, 70, 0.10
Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $24.500 from a local bank, the loan is due in 9 months b. Lent $8,900 to an affiliate; accepted a note due in one year. c. Sold to investors 70 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 $16,500 of equipment, paying $4,900 cash and signing a note for the rest due in one year e. Declared $4,200 in cash dividends to stockholders, to be pald 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 balance sheet with a minus sign Step by Step Solution
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