please help me !check the answer ,i dont know how to solve question 7, please help!
Journal Entries -Prepare the journal entry to record transaction number one. In addition, prepare the journal entries to record any four but only for of the nine business transactions numbered 2 through 10; you may choose any FOUR but only Four of these nine transactions to answer. So, in total you will have answered Five transactions. Number each answer with the number of the corresponding business transaction. 4. Requited journal entry-transaction number one-must be completed by all students: 1. Ewang, Martin and Barodone are partners with capital balance of $50000(fifty thousand dollars) each. The three partners share income and losses in the ration of 1:1:1 Withdraws from the partnership: Ewang Ewang is the entry if Ewang is paid $100000 in partnership cash for his equity? Other journal entries-prepare the journal entries for any four and only four of these nine transactions below: The monthly depreciation expense on Louis Ruiz Consulting /services computer is $500. What is the adjusting entry to record the depreciation expense? 2. Company D borrows $10,000 cash by signing a note payable. What is the journal entry to record the receipt of the cash and the liability for the note payable? 3. Journal Entries(cont.) 4. what is the adjusting journal entry to record the actual of $100 of unpaid interest on a note payable? 5. On date of payment. What is the journal entry to record the payment of a $5,000 cash dividend on common stock? Dividend payable-common Sooo Cash 5000 6. On the date of record, what is the journal entry to record a $25000 cash dividend? No entry 7. Company X issues 30,000 shares of $10 par value common stock for $12 per share. what is the journal entry to record the issuance of the stock? 8. company X purchase 1,000 shares of its own $10 per value common stock for $40000. What is the journal entry to record the purchase of the 1000 shares of treasury stock? Treasury stock 40000 4000 Cash 9. what is the journal entry to record the issuance of $100,000 face of 109% bonds for $98,000 cash? 10. the expired insurance for November for Louis Ruiz Consulting Services is $80. What is the adjusting entry to record the $80 of expired insurance? Insurance expense 80 Prepaid insurance 80