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Hi can someone send me journal entries for the following transactions? Accounting Cycle Project Files Example Transactions 1-10 Transaction 1 Date 1/1/2022 Description of Transaction
Hi can someone send me journal entries for the following transactions?
Accounting Cycle Project Files Example Transactions 1-10 Transaction 1 Date 1/1/2022 Description of Transaction - Orca Company... Sells $15,000 of Common Stock to shareholders for cash 2 1/1/2022 Signs a 4-month lease. Rent is $500 due the first week of each month and pays the rent for the month of January. 1/1/2022 Takes out a 5-year, $5,000 loan from MT Bank with 6% interest due monthly 4 1/1/2022 Purchases supplies worth $250 for cash 5 1/1/2022 Purchases equipment worth $3,000 for cash with 4 month useful life 1/2/2022 Purchases 100 units of inventory, on account, for $5,000 ($50 per unit) 6 1/4/2022 Provides services for $1,500 8 1/6/2022 Sells $10,000 of Common Stock to shareholders for cash 9 1/9/2022 Purchases 100 units of inventory, on account, for $5,000 ($50 per unit) 10 1/10/2022 Provides services for $3,000 Step by Step Solution
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