Please tell the answer for Journal entries in the following question:
3. In each instance, indicate how the transaction should have been originally recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 5 Record the construction of the building warehouse. Note: Enter debits before credts. e. On 28 December, the company collected $79,000 cash in advance for merchandise to be shipped in January. The company's fiscal year-end is 31 December. This transaction was recorded on 28 December as follows: 2. This part of the question is not part of your Connect assignment. 3. In each instance, Indicate how the transaction should have been originally recorded. (If no entry is required for a transaction/event, select "No journol entry required" in the first account field.) Journal entry worksheet 5 Record purchase of machine and payment made in full by issuing shares. Note: Enter debits before credits. 3. In each instance, indicate how the transaction should have been originally recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record advance received on goods to be shipped in January. Nodei Enter debits before credis. 3, In each instance, indicate how the transaction should have been originally recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 5 Record declaration and payment of dividend. Note: Enter debits before crests. 3. In each instance, indicate how the transaction should have been originally recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record loss incurred on damage of plant due to floods. Notei Enter debits before credits. Carleton Bulders ttd, recorded the following summarized transactions during the current year: a. The company originally sold and issued 120,000 common shares. During the current year 16,000 shares were repurchased from the shareholders and retired. Near the end of the current year, the board of directors declared and paid a cash dividend of $7 per share. The dividend was recorded as follows: b. Carieton Bulders LAd. purchased a machine that had a list price of $95,000. The company paid for the machine in full by issuing 10,000 common shares (market price =$8.70 ). The purchase was recorded as follows: c. Carleton needed a small structure for temporary storage. A contractor quoted a price of $789,000. The company decided to build the structure itself. The cost was $5$2,000, and construction required three months. The following entry was made: d. Carleton owns a plant located on a river that floods occosionally. A severe flood occurred duting the current year, causing an uninsured loss of $101,000 (measured as the amount spent to repair the flood damage). The following entry was made: e. On 28 December, the company collected $79,000 cash in advance for merchandise to be shipped in January. The company's fscai
