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L M o P Q R S B D F G H K Prepare the necessary journal entries for the following fiscal year 2022 transaction
L M o P Q R S B D F G H K Prepare the necessary journal entries for the following fiscal year 2022 transaction made by Airflowing Corp. Additional informations: 1. Airflowing Corp. year-end is 12/31 2. Assume straight-line amortization of discounts 3. Airflowing Corp. records all purchases and payables at net. Date Description 2-Feb-22 Airflowing Corp. purchases from Vents Inc. for $50,000 Terms were (3/10, n/10) Date Account Debit Credit 26-Feb-22 Airflowing Corp. paid Vents Inc. for the 2/2/20 purchase Date Account Debit Credit 1-Apr-22 Airflowing Corp. purchased truch for $80,000 from Ford Motor Company Fleet Sales Division. The sales agreement call for Airflowing Corp. to pay $8,000 on purchase and to sing a 1-year, 9% note for the remaining balance of the purchase price. Date Account Debit Credit | 1-May-22 Airflowing Corp. borrowed from St. Paul National Bank $19,000 by signing a $200,000 zero-interest bearing note due one year from May 1st. Date Account Debit Credit 1-Aug-22 Airflowing Corp. board of directors declared a $200,000 cash dividend to its common stockholders that was payable on Sept. 10, 2022 to stockholders' of record as of August 31, 2022. Date Account Debit Credit
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