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Posting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transactions: 1. Issued common stock in the amount of $120,000 2.
Posting Transactions to T-accounts During the year, the Decker Company experienced the following accounting transactions: 1. Issued common stock in the amount of $120,000 2. Paid a $36,000 cash dividend 3. Borrowed $30,000 from a bank 4. Made a principal payment of S3,000 on an outstanding bank loan 5. Made an interest payment of S1A40 on an outstanding bank loan Prepare journal entries and post your transaction analysis to the appropriate Taccounts. HINT: When posting the journal entries to the Taccounts, enter them in order. General Journal Ref. Description
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