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K Question 3 of 10 Prepare the journal entries for the following transaction. Explanations are not needed. F a. Received $32,000 contribution in exchange
K Question 3 of 10 Prepare the journal entries for the following transaction. Explanations are not needed. F a. Received $32,000 contribution in exchange for common stock. b. Received a utilities bill for $380. Payment is due in two weeks. c. Purchased equipment for $20,000 by signing a notes payable. d. Performed services for a client on account, $1,900. e. Made a $5,100 cash payment on the notes payable from transaction c. f. Cash dividends of $2,000 were paid to stockholders. g. Purchased office supplies for $900 on account. h. Paid the utilities bill from transaction b in cash. Show all work to receive partial credit. If you plan to submit scrap paper, type "scrap pape
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