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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
- 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 $4,000,000 for office rent.
- Microsoft Corporation pays $3,500,000 in wages.
- Microsoft Corporation provides consulting services and receives $2,000,000.
- Microsoft Corporation buys computers for $5,000,000 cash.
- Microsoft Corporation incurs a $600,000 advertising expense.
- Microsoft Corporation declares and pays dividends of $2,500,000.
- Microsoft Corporation records $800,000 in interest expense.
- Record those transactions in a journal.
- Prepare a trial balance.
- Prepare an income statement for the year ended.
- Prepare a balance sheet for the year ended.
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