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Please help with my accounting homework! The first picture is to help answer the second picture! Sorry the pictures are sideways, I couldn't fix it.
Please help with my accounting homework! The first picture is to help answer the second picture! Sorry the pictures are sideways, I couldn't fix it.
2B-11 2B-3. (Similar to problem 2B-1) Show the journal entries for these transactions. a. Investors purchase common stock in a corporation for $64,000 b. The purchase of supplies for $8,000 cash c. Providing $39,000 of services for $21,000 cash and $18,000 on account. d. Purchase of equipment for $18,000 on account e. Payment of employee salaries in the amount of $27,000 cash f. Borrowing $39,000 from the bank on a note. g. Payment of $8,000 toward the equipment purchased in d. h. Collection of $8,000 of the amount due as a result of the services provided in c. i. Declaration and payment of a dividend of $7,000Step by Step Solution
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