Posting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transactions: 1. Issued common stock in the amount of $160,000. 2. Paid a $48,000 cash dividend. 3. Borrowed $40,000 from a bank. 4. Made a principal payment of $4,000 on an outstanding bank loan. 5. Made an interest payment of $1,920 on an outstanding bank loan. Prepare journal entries and post your transaction analysis to the appropriate T-accounts. (In the T-accounts, enter the answer in the appropriate column for each numbered transaction (1) through (5).) Debit Credit 0 0 0 1) To record issuance of common stock 0 0 0 0 2) To record cash dividend 0 10 10 10 3) To record bank borrowings 4) To record principal payment 5) To record interest payment 0 0 0 0 Cash Notes Payable Common Stock 0 0 0 0 0 Retained earnings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4) 0 0 0 0 (5) 0 0 0 0 0 0 0 0 0 Check