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help ASAP Kiwi Incorporated, headquartered in Boston, Massachusetts, designs, manufactures, and markets headphones and other audio components. The following is Kiwi's (simplified) balance sheet from
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Kiwi Incorporated, headquartered in Boston, Massachusetts, designs, manufactures, and markets headphones and other audio components. The following is Kiwi's (simplified) balance sheet from a recent fiscal year ending on June 30 . Assume that the Tonowing transactions (in thousands) occurred during the next fiscal year (ending on June 30, 2023): Journal entry worksheet (3) 456 Record the $18,296 loan from banks due in two years. Note: Enter debits before credits. Journal entry worksheet 4 Record the purchase of additional investments for $23,800 cash with one-fifth being long-term and the balance being short-term. Note: Enter debits before credits. Journal entry worksheet 1 2 4 Record the purchase of property, plant, and equipment by paying $9,603 cash and signing a short-term note for $1,440. Note: Enter debits before credits. Journal entry worksheet 1 2 56 Record the issuance of additional shares for $1,500 cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before credits. Journal entry worksheet 1 2 Record the sale of short-term investments costing $19,038 for $19,038 cash. Note: Enter debits before credits. Journal entry worksheet 1 2 Record the declaration of $11,156 in dividends to be paid during beginning of the next fiscal year Step by Step Solution
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