? Post the journal entries for Questions $1$ ?through $11$ ?to the T$-$accounts on the next page.

?$1.$The company raised $($received$)$ ?$$10,000$ ?cash by issuing $($selling$)$ ?common stock at par.

Cash $10,000$

? Common Stock $10,000$

$2.$ ?The company raised $($received$)$ ?$$20,000$ ?cash by taking out a bank loan for that amount.

Cash $20,000$

? Notes Payable $20,000$

$3.$ ?The company made a service sale for $$4,000$ ?cash.

Cash $4,000$

? Sales Revenue $4,000$

$4.$ ?The company bought a piece of equipment for $$6,000$ ?cash.

Equipment $6,000$

? Cash $6,000$

$5.$ ?The company bought one$-$year insurance on the equipment for $$1,200$ ?cash.

Prepaid Insurance $1,200$

?Cash $1,200$

$6.$ ?The company bought supplies for $$300$ ?on credit.

Supplies $300$

? Accounts Payable $300$

$7.$ ?The company made another service sale of $$700$ ?on credit.

Accounts Receivable $700$

?Sales Revenue $700$

$8.$ ?The company received a cash payment of $$450$ ?from previous credit sales.

Cash $450$

? Accounts Receivable $450$

$9.$ ?The company paid $$200$ ?cash for the credit purchase of supplies.

Accounts Payable $200$

? Cash $200$

$10.$ ?The company paid rent expense of $$900$ ?in cash.

Rent Expense $900$

?Cash $900$

$11.$ ?The company paid $$100$ ?cash dividend.

Dividends $100$

? Cash $100$

General Ledger

? Assets $=$ ? Liabilities $+$ ? Equity

? Cash Accounts Payable Common Stock

? Retained Earnings

?

? Notes Payable Sales Revenue

?

? Accounts Receivable Rent Expense

? Interest Payable

? Interest Expense

? Prepaid Insurance

?

? Depreciation Expense

?

? Supplies

?

? Insurance Expense

? Equipment

? Supplies Expense

?

? Accumulated Depreciation Dividends