Question
Match the transactions to the correct journal entries (All transactions must be put in the general ledger along with any additional ledger): Transactions Journals (Sales,
Match the transactions to the correct journal entries (All transactions must be put in the general ledger along with any additional ledger):
| Transactions | Journals (Sales, Purchases, Cash, or General) |
| Company Borrows $600,000 at 8% for 4 years specifically for the construction of a building | |
| Company purchases 75 bags of fertilizer from Plant Life in cash | |
| Company spends $120,000 towards the construction of the building | |
| Company purchases a machine listed at $100,000. Shipping costs for the machine are $2,500, setup costs are $9,000, and general maintenance costs are $4,000. Salvage value of the machine is $5,000. | |
| Company sells 5 weedeaters and 200 bags of mulch to Andres Mossiman on credit | |
| Company pays off its account in full with Garden Supply | |
| Company spends $100,000 in costs towards the construction of the building | |
| Company returns a defective 100ft waterhose to Fastenal. Fastenal credits Company's account for the returned hose | |
| Company Spends $125,000 towards the construction of the building
| |
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