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h: can you help me solve this step-by-step? Prepare journal entries for the above transactions. Note: if no entry is required for a transaction/event, select
h: can you help me solve this step-by-step?
Prepare journal entries for the above transactions. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 5 Record $13,000 cash borrowed from bank. Note: Enter debits before credits. Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $20,000 from a local bank; the loan is due in 9 months. b. Lent $14,600 to an affillate; accepted a note due in one year. c. Sold to investors 60 additional shares of stock with a par value of $0.10 per share and a market price of $2.5 per share; recelved. cash. d. Purchased $27,000 of equipment, paying $5,900 cash and signing a note for the rest due in one year. e. Declared $5,400 in cash dlvidends to stockholders, to be paid in February. Prepare the journal entry to record each of the above transactions for the month of January. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 5 Record the $14,600 loan to an affiliate and the acceptance of a note due in one year. Note: Fnter debits before credits. Following are the transactions of JonesSpa Corporation, for the month of January. a. Borrowed $20,000 from a local bank; the loan is due in 9 months. b. Lent $14,600 to an affiliate; accepted a note due in one year. c. Sold to investors 60 additional shares of stock with a par value of $0.10 per share and a market price of $25 per share; received cash. d. Purchased $27,000 of equlpment, paying $5,900 cash and signing a note for the rest due in one year. e. Declared $5,400 in cash dividends to stockholders, to be paid in February. Prepare the journal entry to record each of the above transactions for the month of January. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 5 Record the receipt of the bank loan of $20,000. Nute: Enter debits before credits. Mequired: Prepare journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the $17,000 land purchase paid with $10,000 cash and a note for the balance. Note: Enter debits before credits. Required: Prepare journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record $1,500 loan to an employee who signed a note due in six months. Note: Enter debits before credits. Following ore the transoctions of JonesSpa Corporation, for the month of January. a. Borrowed $25,500 from a local bank; the loan is due in 9 months. b. Lent $7,400 to an affilate; accepted a note due in one year. c. Sold to investors $0 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; recelved cash: d. Purchased \$\$8,500 of equipment, paying $5,600 cash and signing a note for the rest due in one year. e. Declared $2,800 in cash dividends to stockholders, to be poid in February. Fer each of the above transactions, indicate the accounts and amounts. A sample is provided. Note: Fnter decreases to an element of the balance sheet with a minus sipn Step by Step Solution
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