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How do you journal entry the following transactions for accounting? 1- Paid 8 months of rent on a contract for store lease. Amount 10,000 2.
How do you journal entry the following transactions for accounting?
1- Paid 8 months of rent on a contract for store lease. Amount 10,000
2. Received from a customer cash as an advance payment for merchandise to be delivered on November 21. Amount is 48,000
3. Received cash payment from customers who in prior month made purchases on account. Amount 300,000
4. Declared second quarterly dividend, to be paid in September. Amount 9,000
5. Issued 15,000 shares of 2 dollar par value common stock that is 8 dollars per share. Amount is 120,000
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