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Is there anyone who can help me with the debits and credits journal entries for these couple if transactions Transactions: Dec. 1 Dec. 3 Dec.
Is there anyone who can help me with the debits and credits journal entries for these couple if transactions
Transactions: Dec. 1 Dec. 3 Dec. 5 Issued $500,000 of 10-year, 6% bonds, dated December 1, 2013, at 105, Interest dates are June 1st and December 1t. Collected the balance due from the common stock subscribers. The stock was subscribed to at par. Issued the stock. Purchased 1,000 shares of Wells Fargo stock for $54.95 per share, plus a $575 broker's commission Dec. 9 Dec. 12 Issued 10,000 shares of common stock for cash at $15 per share Made a $60,000 down payment and signed a $600,000 mortgage to purchase land and a building, which will be used as the distribution center. The land comprised of three (3) lots which appraised at $132,000 each (S396,000 total) and the building appraised for $264,000. The building occupies one (1) lot, one (1) lot will serve as a parking lot and WWD intends to sell the third lot The loan is a ten (10) year, 6.0% mortgage requiring monthly payments consisting of principle and interest. Payments are due by the 15th of each month. Invested $50,000 cash in a sinking fund for the bonds issued on December 1s Issued 200 shares of preferred stock for cash at $105 per share Paid a $10,000 dividend declared on September 15, 201X to stockholders of record on November 1, 201X Received a subscription of 200 shares of preferred stock at $106 per share Received 25% of the subscription price from all subscribers for the subscription of December 23rd. Borrowed $100,000 from Carolina Bank to purchase shelving for the warehouse. The shelving cost $100,000 and is expected to last five (5) years. The note is a three (3) year 9% note that requires principle and interest payments on the last day of each month Purchased inventory on account: 225 systems from HP, 135 systems from Apple, and 50 systems from Dell Recorded and paid salaries totaling $5,000 for the month. (Note: Employer must match employee FICA and FUTA/SUTA limits have been met for the year) Paid $1,500 for supplies Dec. 15 Dec. 18 Dec. 20 Dec. 23 Dec. 24 Dec. 29 Dec. 30 Dec. 30 Dec. 31
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