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Microsoft Corporation issues bonds worth $50,000,000. Microsoft Corporation buys machinery for $10,000,000 on credit. Microsoft Corporation sells software licenses for $15,000,000 cash. Microsoft Corporation pays

  1. Microsoft Corporation issues bonds worth $50,000,000.
  2. Microsoft Corporation buys machinery for $10,000,000 on credit.
  3. Microsoft Corporation sells software licenses for $15,000,000 cash.
  4. Microsoft Corporation pays $4,000,000 for office rent.
  5. Microsoft Corporation pays $3,500,000 in wages.
  6. Microsoft Corporation provides consulting services and receives $2,000,000.
  7. Microsoft Corporation buys computers for $5,000,000 cash.
  8. Microsoft Corporation incurs a $600,000 advertising expense.
  9. Microsoft Corporation declares and pays dividends of $2,500,000.
  10. Microsoft Corporation records $800,000 in interest expense.
  1. Record those transactions in a journal.
  2. Prepare a trial balance.
  3. Prepare an income statement for the year ended.
  4. Prepare a balance sheet for the year ended.

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