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Issued capital stock for $50,000 cash. #1 +50,00 (cash) +50, 000 (capital stock) Purchased building for $120,000, making a $20,000 down payment and signing a
Issued capital stock for $50,000 cash. | #1 | +50,00 (cash) | +50, 000 (capital stock) | |||||||||||
Purchased building for $120,000, making a $20,000 down payment and signing a promissory note payable for the balance. | #2 | |||||||||||||
Paid wages expense of $5,000. | #3 | |||||||||||||
Provided services to customers for $15,000 cash. | #4 | |||||||||||||
Paid utilities expense of $2,000. | #5 | |||||||||||||
Reduced note payable with an $8,000 cash payment (ignore interest costs). | #6 | |||||||||||||
Provided services to customers on account, $10,000. | #7 | |||||||||||||
Incurred wages expense of $3,000, to be paid in the future. | #8 | |||||||||||||
Collected $4,000 on an outstanding account receivable. | #9 | |||||||||||||
Declared and paid dividend of $6,000. | #10 | |||||||||||||
| Tip: To enter the number with + or - , preceed it with ' |
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