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please quick, doesnt have to be in excel Question 1 (7 marks - 14 minutes) Your Answer: Scott, Kim and Koko organized the SKK Corporation

please quick, doesnt have to be in excelimage text in transcribed

Question 1 (7 marks - 14 minutes) Your Answer: Scott, Kim and Koko organized the SKK Corporation on Jqinuary 1201. Each of these owners invested $30,000 cash and receiveld shares. Below are selected transactions that were completed during January. Selected January Transactions: (1) Sold shares mentioned above to the owners. (2) Borrowed $100,000 on one-year note payable. (3) Purchased land by signing a $20,000 note payable. (4) Paid $5,000 of trade payables. (5) Purchased two service vehicles, $21,000 each; paid cash. Required a) Write the journal entries for the above transactions. b) Based on the above transactions ONLY, what is the eniding balance for: Assets Liabilities

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