Journal entry worksheet

$1$

$2$

$3$

Record the issuance of $4,000$ shares of $$20$ par value common stock for $$59,000$ of inventory, $$185,000$ of machinery, and acceptance of a $$95,000$ note payable.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$c$.,$Machinery,$185,000,],[,$Inventory,$59,000,],[$Common stock, $$20$ par value,,$80,000,],[$Paid$-$in capital in excess of par value, common stock,,,$],[$Note payable,,$95,000,],[,,,]]$

Recorra anty

$1$ of $7$

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