Journal entries for the given examples for Luigi Tile Company:

(Including transactions such as issuing shares, purchasing equipment, billing for a purchase... etc.)

Illustrations of the following journal entries as examples for your students: Luigi Tile Company issued 4,000 shares of stock to Mario Investors in exchange for 20 ira a share. o o Luigi Tile Company purchased tile cutting equipment for 200 lira on account. o Luigi Tile Company purchased 400 tiles from Tony, a local artisan, for 800 lira total. Luigi Tile Company agreed to pay for 50% of the tiles now and 50% in 3 months. Luigi Tile Company sold the Medici Family 300 tiles for 8 lira each. The Medici Family was billed for half of the purchase and paid the remainder immediately o