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Oh, 2001, Ken Corp Kristen Corporation id 1,000 shans of common stock for $30,000 June 1. 2001. Kristen Cation purchased $125,000 of inventory on account
Oh, 2001, Ken Corp Kristen Corporation id 1,000 shans of common stock for $30,000 June 1. 2001. Kristen Cation purchased $125,000 of inventory on account on lui 1, 201 d) Kristen Corporation paid $24,000 for a two-year insurance policy 1, 201 Assume that the appropriate asset account is debited e) Kristen Corporation sold merchandise for $100,000 on June 4, 2021. Twenty percent was collected in cash and the balance was on account. The cost of the merchandise was $60,000. Kristen Corporation paid $8,000 for Supplies on June 5, 2021. Assume the appropriate asset account is debited. On June 20, 2021. Kristen Corporation received $25,000 from a customer on account. h) Kristen Corporation paid $75,000 on June 26, 2021 for a new patent. Assume the appropriate asset account is debited. i) Kristen Corporation paid $24,000 in salaries to employees on June 25, 2021, for the first half of June
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